(Figure: Profit Maximization in Monopolistic Competition 0) In the figure, this monopolistic competitive firm is experiencing an economic per unit sold. loss of $4 loss of $7 profit of $4 profit of $7 Figure 8.2 Profits for the monopolistically competitive firm show: are impossible to predict in the long run. will increase in the long run. will n solutionspile.com

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(Figure: Profit Maximization in Monopolistic Competition 0) In the figure, this monopolistic competitive firm is experiencing an economic per unit sold. loss of

$4

loss of

$7

profit of

$4

profit of

$7

Figure 8.2 Profits for the monopolistically competitive firm show: are impossible to predict in the long run. will increase in the long run. will not change in the long run. will decrease in the long run. In the figure, total revenue for this monopoly firm is:

$4

.

$20

.

$36

.

$32

. In the table the marginal revenue from selling the fourth unit of output is:

$10

. (B)

$6

. (C)

$24

. (D)

$3

.

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