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AndrewKraus AndrewKraus
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6 years ago
Firm A charges $8.50 for each unit of Good X. If the average total cost of producing 1,000 units of Good X is $12 and the market for Good X is monopolistically competitive, Firm A ________ by producing 1,000 units of Good X.
A) earns a profit of $3,500
B) earns a profit of $1,000
C) incurs a loss of $1,000
D) incurs a loss of $3,500
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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AndrewKraus Author
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6 years ago
This helps with my assignment big time
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