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Figure 16-9 The Figure Is Drawn for a Monopolistically-Competitive Firm

Question 297

Multiple Choice

Figure 16-9
The figure is drawn for a monopolistically-competitive firm. Figure 16-9 The figure is drawn for a monopolistically-competitive firm. -Refer to Figure 16-9. In order to maximize its profit, the firm will choose to produce A) 100 units of output, and its profit will be positive. B) 100 units of output, and its profit will be zero. C) 133.33 units of output, and its profit will be negative. D) 133.33 units of output, and its profit will be zero.
-Refer to Figure 16-9. In order to maximize its profit, the firm will choose to produce


A) 100 units of output, and its profit will be positive.
B) 100 units of output, and its profit will be zero.
C) 133.33 units of output, and its profit will be negative.
D) 133.33 units of output, and its profit will be zero.

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