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Unformatted text preview: (b) There are few sellers. (c) The food retailing industry is an example of this market structure. (d) No firm can influence market prices. (2pts) 3. According to the graph, how much should this monopolistic competitor produce and what should be the price charged? Q=3200, p=$3.25 P $3.25 $3.00 $2.75 3200 3400 3500 Q MR D MC...
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This document was uploaded on 12/13/2010.
- Spring '09