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Given the information in the table below and assuming monopolistic competition 1 pt Is this firm in equilibrium Please explain

Given the information in the table below and assuming monopolistic competition:

a. (1 pt) Is this firm in equilibrium? Please explain.

b. (1 pt) At the firmA????1s optimal level of output what is its average total cost?

c. (Bonus 1 pt) What is this firms excess capacity?

Q

Price ($)

MR ($)

MC ($)

ATC ($)

0

200

--

--

--

2

194

194

100

282

4

188

182

120

201

6

182

170

144

182

8

176

158

172

179

10

170

146

207

185

May 01 2020 View more View Less

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