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Demand and Cost Data for Will’s Beach Ball Company\text {Demand and Cost Data for Will's Beach Ball Company}

question 14

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Demand and Cost Data for Will’s Beach Ball Company\text {Demand and Cost Data for Will's Beach Ball Company}

 Demand Data Cost Data  Price  Quantity  Output  Total Cost $1166$48$1077$52$988$57$899$63$71010$70\begin{array}{l}\begin{array}{cccc}&\text { Demand Data}& \text { Cost Data }\\\text { Price } & \text { Quantity } & \text { Output } & \text { Total Cost } \\\$ 11 & 6 & 6 & \$ 48 \\\$ 10 & 7 & 7 & \$ 52 \\\$ 9 & 8 & 8 & \$ 57 \\\$ 8 & 9 & 9 & \$ 63 \\\$ 7 & 10 & 10 & \$ 70\end{array}\end{array}

Table 26.1\text {Table \(26.1\) }
A Monopolistically Competitive Firm\text {A Monopolistically Competitive Firm} Refer to Table 26.1.At the profit-maximizing output and price, Will's Beach Ball Company will earn a ________
Economic profit, and ________ the market will occur.

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