Exhibit 9-3 A monopolistic competitive firm in the long run
?
To maximize long-run profits, the monopolistically competitive firm shown in Exhibit 9-3 will charge a price per unit of:
A. zero.
B. $10
C. $20.
D. $30.
Answer: D
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a. 4. b. 20. c. 0.25. d. 5.
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Today the United States spends as much on defense as _____ of the nations combined.
Fill in the blank(s) with the appropriate word(s).