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tuggy tuggy
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Posts: 864
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6 years ago
The cost of producing each bottle of a certain brand of shampoo is $0.25. If the market for shampoo is monopolistically competitive and demand for shampoo is inelastic, a manufacturer who charges $0.35 for each bottle will ________.
A) shut down production in the short run
B) exit the industry in the long run
C) earn an economic profit of $0.10 per bottle
D) earn a total revenue of $0.10 per bottle
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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6 years ago
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tuggy Author
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6 years ago
Thanks for answering correctly
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