Monopolistic competitive firm-what quantity will be produced

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Reference no: EM131172376

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The figure above represents Athina's pool supply store, a monopolistic competitive firm. Explain your answers.

a) What quantity will be produced?

b) What price will be charged?

c) What is Athina's total cost?

d) What is Athina's total revenue?

e) What is Athina's economic profit or loss?

f) Is this a long-run equilibrium? Why or why not?

Reference no: EM131172376

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