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QUESTION
If a monopolistically competitive firm is producing 450 units of output and at this output level, the price is $15 and the average total cost is $12,...
If a monopolistically competitive firm is producing 450 units of output and at this output level, the price is $15 and the average total cost is $12, the firm profit/loss is equal to ________.
A.
$1,350
B. -$1,525
C.
-$1,350
D.
$1,525
