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Exhibit 9-A The Following Diagram Depicts Monopolistically Competitive Firms

Question 166

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Exhibit 9-A
The following diagram depicts monopolistically competitive firms. Exhibit 9-A The following diagram depicts monopolistically competitive firms. -Refer to Exhibit 9-A.In Graph B, the profit-maximizing (loss-minimizing) firm is making a ____ shown by the area ____. A) profit; P<sub>1</sub> V R S B) loss; P<sub>2</sub> P<sub>1</sub> S T C) profit; P<sub>2</sub> P<sub>1</sub> S T D) loss; P<sub>1</sub> V R S
-Refer to Exhibit 9-A.In Graph B, the profit-maximizing (loss-minimizing) firm is making a ____ shown by the area ____.


A) profit; P1 V R S
B) loss; P2 P1 S T
C) profit; P2 P1 S T
D) loss; P1 V R S

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