Question 1 Consider the monopolistic competitive firm whose demand curve and cost structure is illustrated in Figure 1.

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Question 1 Consider the monopolistic competitive firm whose demand curve and cost structure is illustrated in Figure 1.

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Question 1
Consider the monopolistic competitive firm whose demand curveand cost structure is illustrated in Figure1.
Question 2
For each of the following pairs of firms, explain which firmwould be more likely to engage in advertising and why.
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