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Monopolistic Competition Profit on the Graph
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Monopolistic Competition Profit on the Graph
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13. Monopolistic Competition / Monopolistic Competition Profit on the Graph / Problem 1
Problem 1
A firm in monopolistic competition has a price of \$18, average total cost of \$14, and sells 200 units. What is the total profit?
A
\$400
B
\$600
C
\$1000
D
\$800
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