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The Following Graphs Show Two Firms Operating in a Monopolistically

Question 25

Multiple Choice

The following graphs show two firms operating in a monopolistically competitive market. The firm illustrated in Graph A maximizes profits by producing at a level of output _____ and charging a price _____.​Figure 9.2: The following graphs show two firms operating in a monopolistically competitive market. The firm illustrated in Graph A maximizes profits by producing at a level of output _____ and charging a price _____.​Figure 9.2: A) q<sub>1</sub>; P<sub>1</sub> B) q<sub>2</sub>; P<sub>1</sub> C) q<sub>1</sub>; P<sub>2</sub> D) q<sub>2</sub>; P<sub>2</sub> E) between q<sub>1</sub> and q<sub>2</sub>; between P<sub>2</sub> and P<sub>1</sub>


A) q1; P1
B) q2; P1
C) q1; P2
D) q2; P2
E) between q1 and q2; between P2 and P1

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