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A monopolistically competitive firm faces a demand curve depicted by the formula P = 24 - 4Q, where P represents price and Q is quantity demanded.


A monopolistically competitive firm faces a demand curve depicted by the formula P = 24 - 4Q, where P represents price and Q is quantity demanded.

4.1. Draw the monopolistically competitive firm's demand curve by plotting one point on the horizontal axis and a second point on the vertical axis.

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