Jack and john ryan are selling shirts for their

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9. Jack and John Ryan are selling shirts for their clothing company, Holy Shirts and Pants.
199986-12816713533721517454624320345525122236424-1264-2What is their profit maximizing quantity and price?
10. Monopolistic competitiona. What is the profit-maximizing output level?
b. At the profit-maximizing output level, how much profit will be realized?
c. Does this graph most likely represent the long run or the short run? Why?
d. What is the efficient level out output that would prevent excess capacity?
11. 5. Figure 1 Shows the demand and cost curves for a monopolist.
Figure 15-4 shows the demand and cost curves for a monopolist.a. What is the amount of the monopoly's total revenue? $
b.What is the amount of the monopoly's profit?
c. Will this firm continue to earn profits in the long run if there are barriers to entry? Explain.

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