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Price MC Price MR Quantity Q Quantity (d) Price 1 Price VD Oº Quantity Oº Quantity Figure 4. 12. Refer to Figure 4. Which of the graphs would most likely represent a profit-maximizing firm in a monopolistically competitive market? a. panel a b. panel b c. panel c d. panel d Price ($/unit) 1 2 TO 3 4 5 6 7 8 9 10 Quantity (units/day) Figure 2 4. Refer to Figure 2. At a price of $8 per unit of output the total revenue for the monopolist is and the marginal revenue earned from the last unit sold is A. $8; 8 B. $24; 8 C. $32; 4 D. $40,0
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