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A Monopolistic Competitor Has the Following Information About Cost and Demand

question 34

Multiple Choice

A monopolistic competitor has the following information about cost and demand.
A monopolistic competitor has the following information about cost and demand.   If this industry was perfectly competitive, what price would the good sell for? A)  $8 B)  $9 C)  $10 D)  $11
If this industry was perfectly competitive, what price would the good sell for?


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