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Author Question: Monopolistic Competition in the Short RunThe graph shows the short-run demand curve (D), marginal ... (Read 550 times)

zl00505

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on: Nov 23, 2022
Monopolistic Competition in the Short Run

The graph shows the short-run demand curve (D), marginal revenue curve (MR, average total cost curve (ATC), and marginal cost curve (MC) for a firm in a monopolistically competitive market.


Assume that P1=$1.75, P2=$9.50, P3=$15.00, P4=$19.50, Q1=120, and Q2=320. What level of output should this firm produce? What price should this firm charge? This firm will earn an economic ________ (profit/loss) of ________.
◦ 120, $1.75, loss, $2130
◦ 320, $9.50, loss, $59,280
◦ 320, $15.00, profit, $540
◦ 120, $19.50, profit, $1200
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by zl00505 on Nov 23, 2022

knguyen

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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zl00505

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

epscape

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Reply 3 on: Yesterday
:D TYSM

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