$150 $125 $110 $75 1200 MR 1500 D ATC

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Below is a graph of a monopolistically competitive market. The socially-optimum price and
quantity in this market is:
$
$150
$125
$110
$75
Market for Dental Cleanings
$75 and 1200 cleanings
$150 and 1200 cleanings
$125 and 1500 cleanings
O $110 and 1200 cleanings
1200
MR
1500
MC
D
ATC
Quantity of
Cleanings
Transcribed Image Text:Below is a graph of a monopolistically competitive market. The socially-optimum price and quantity in this market is: $ $150 $125 $110 $75 Market for Dental Cleanings $75 and 1200 cleanings $150 and 1200 cleanings $125 and 1500 cleanings O $110 and 1200 cleanings 1200 MR 1500 MC D ATC Quantity of Cleanings
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