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Author Question: FIGURE 11-3Refer to Figure 11-3. A perfectly competitive firm with zero economic profits is depicted ... (Read 73 times)

Tb12162018

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Question 1

The diagram below shows selected cost and revenue curves for a firm in a monopolistically competitive industry.



FIGURE 11-2

Refer to Figure 11-2. At the profit-maximizing level of output, the firm makes an economic profit or loss of


◦ $4500.
◦ $6000.
◦ $12 000.
◦ $11 250.
◦ $9000.

Question 2




FIGURE 11-3

Refer to Figure 11-3. A perfectly competitive firm with zero economic profits is depicted in diagram


◦ 1.
◦ 2.
◦ 3.
◦ 4.
◦ 2 or 4.


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Marked as best answer by Tb12162018 on Oct 12, 2022

fdsajkl

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Tb12162018

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Reply 2 on: Oct 12, 2022
Wow, this really help


JaynaD87

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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