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1190 pts /1700 Question 14 of 17 20 The accompanying graphdepicts the long-run costs and...

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Economics

1190 pts /1700 Question 14 of 17 20 The accompanying graphdepicts the long-run costs and revenue for a monopolisticallycompetitive firm. The numbers in parentheses show the output leveland the cost, respectively, associated with various points. Placepoint

A

at the profit maximizing price and quantity. What is theprofit-maximizing output of this monopolistically competitive firm?Units of Output What is the level of excess capacity for thismonopolistically competitive firm? Units of Output

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