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Exhibit 14-2 the Following Diagram Depicts Monopolistically Competitive Firms

Question 89

Multiple Choice

Exhibit 14-2 The following diagram depicts monopolistically competitive firms. Exhibit 14-2 The following diagram depicts monopolistically competitive firms. Refer to Exhibit 14-2.In Graph A,the profit-maximizing (loss-minimizing) firm is making a ____,shown by the area ____. A) loss; P<sub>1</sub> X Y W B) profit; P<sub>1</sub> X Y W C) loss; P<sub>2</sub> Z Y W D) profit; P<sub>2</sub> Z Y W Refer to Exhibit 14-2.In Graph A,the profit-maximizing (loss-minimizing) firm is making a ____,shown by the area ____.


A) loss; P1 X Y W
B) profit; P1 X Y W
C) loss; P2 Z Y W
D) profit; P2 Z Y W

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