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Refer to Figure 26

Question 95

Multiple Choice

Refer to Figure 26.4 for a monopolistically competitive firm.In the long run this firm will charge a price of ________ and produce an output of _______. A) P<sub>2</sub>; Q<sub>1</sub> B) <sup>P</sup>4; Q<sup>3</sup> C) <sup>P</sup>1; Q<sup>2</sup> Refer to Figure 26.4 for a monopolistically competitive firm.In the long run this firm will charge a price of
________ and produce an output of _______.


A) P2; Q1
B) P4; Q3
C) P1; Q2

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