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Exhibit 10-2 A monopolistic competitive firm
To maximize long-run profits, the monopolistically competitive firm shown in Exhibit 10-2 will charge a price per unit of:
Receptor Neurons
Specialized nerve cells that respond to chemical and physical stimuli in the environment, sending signals to the brain.
Scents
Volatile substances that can be perceived by the sense of smell, often used by organisms to communicate, forage, or detect predators or mates.
Supertasters
Individuals with an enhanced genetic sensitivity to certain tastes, particularly bitter flavors.
Olfactory Epithelium
The specialized tissue inside the nasal cavity involved in smell; it houses olfactory receptors that detect odors.
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