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Use the Following for Questions 22-31

Question 22

Multiple Choice

Use the following for questions 22-31.
Exhibit: Profit Maximization in Monopolistic Competition
Use the following for questions 22-31. Exhibit: Profit Maximization in Monopolistic Competition -(Exhibit: Profit Maximization in Monopolistic Competition) In Panel (a) , the profit-maximizing price and quantity are _______ and _______ . A) S; M B) P; M C) P; Q D) T; Q
-(Exhibit: Profit Maximization in Monopolistic Competition) In Panel (a) , the profit-maximizing price and quantity are _______ and _______ .


A) S; M
B) P; M
C) P; Q
D) T; Q

Correct Answer:

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