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Figure 16-5 The figure is drawn for a monopolistically competitive firm. 56.67 140 123.33 གྲྭ 8 8ཎྜ 90 PRICE Refer to Figure 16-5. As the figure is drawn, the firm is in a. a long-run equilibrium but it is not in a short-run equilibrium. b. a short-run equilibrium as well as a long-run equilibrium. c. a short-run equilibrium but it is not in a long-run equilibrium. d. neither a short-run equilibrium nor a long-run equilibrium. 100 133.33 QUANTITY MR MC ATC Demand

Figure 16-5 The figure is drawn for a monopolistically competitive firm. 56.67 140 123.33 གྲྭ 8 8ཎྜ 90 PRICE Refer to Figure 16-5. As the figure is drawn, the firm is in a. a long-run equilibrium but it is not in a short-run equilibrium. b. a short-run equilibrium as well as a long-run equilibrium. c. a short-run equilibrium but it is not in a long-run equilibrium. d. neither a short-run equilibrium nor a long-run equilibrium. 100 133.33 QUANTITY MR MC ATC Demand

Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Figure 16-5 The figure is drawn for a monopolistically competitive firm. 56.67 140 123.33 གྲྭ 8 8ཎྜ 90 PRICE Refer to Figure 16-5. As the figure is drawn, the firm is in a. a long-run equilibrium but it is not in a short-run equilibrium. b. a short-run equilibrium as well as a long-run equilibrium. c. a short-run equilibrium but it is not in a long-run equilibrium. d. neither a short-run equilibrium nor a long-run equilibrium. 100 133.33 QUANTITY MR MC ATC Demand
Transcribed Image Text:Figure 16-5 The figure is drawn for a monopolistically competitive firm. 56.67 140 123.33 གྲྭ 8 8ཎྜ 90 PRICE Refer to Figure 16-5. As the figure is drawn, the firm is in a. a long-run equilibrium but it is not in a short-run equilibrium. b. a short-run equilibrium as well as a long-run equilibrium. c. a short-run equilibrium but it is not in a long-run equilibrium. d. neither a short-run equilibrium nor a long-run equilibrium. 100 133.33 QUANTITY MR MC ATC Demand
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