-The above figure shows a restaurant engaged in monopolistic competition with other restaurants.The equilibrium quantity at this restaurant is ________ meals per day.

Name: -The above figure shows a restaurant engaged in monopolistic competition with other restaurants.The equilibrium quantity at this restaurant is ________ meals per day.
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Question

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The equilibrium quantity is between 151 and 250 meals per day because the restaurant is operating in the elastic portion of its demand curve.

-The Above Figure Shows a Restaurant Engaged in Monopolistic Competition