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Exhibit 10-3 -At the Profit-Maximizing Output, the Monopolistically Competitive Firm in Exhibit

question 139

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Exhibit 10-3
Exhibit 10-3    -At the profit-maximizing output, the monopolistically competitive firm in Exhibit 10-3 is in A)  long-run equilibrium because price equals average total cost B)  long-run equilibrium because price is less than average total cost C)  short-run equilibrium because price is greater than average total cost D)  short-run equilibrium because there is an economic loss E)  short-run equilibrium because there is zero economic profit
-At the profit-maximizing output, the monopolistically competitive firm in Exhibit 10-3 is in


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