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QUESTION
$19....amp; 1 16 A. 1o....................\E................... ' 0 100 160 180 21!) Quantity Consider the monopolistically competitive
Consider the monopolistically competitive firm whose demand curve and cost structure are illustrated the graph above
- How many units will this firm produce?
- What is the total cost of producing at the output level you answered in part a. (show work)
- What is the total revenue that this firm earns? (show work)
- What is the per unit profit/loss if the firm produces at the output level answered in part a.
