Consider the following demand schedule and cost information in the short run for a monopolistically competitive firm. Qu

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answerhappygod
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Consider the following demand schedule and cost information in the short run for a monopolistically competitive firm. Qu

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Consider the following demand schedule and cost information in
the short run for a monopolistically competitive firm. Quantity 0 1
2 3 4 5 6 Price 10 9 8 7 6 5 4 Total cost 4 7 11 16 22 29 37 The
firm’s short-run optimal quantity of output is
(1) 0 (2) 1 (3) 3 (4) 4
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