Find the monopolistic competitor-s average fixed cost, Microeconomics

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Find the monopolistic competitor-s average fixed cost

Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve given in the following table:

Q 20 18 16 14 12 10 8 6
P $ 2 4 6 8 10 12 14 16

a. What output will the firm choose?

b. What will be the monopolistic competitor's average fixed cost at the output it chooses?

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Microeconomics: Find the monopolistic competitor-s average fixed cost

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Ask an Expert for Answer!!

Microeconomics: Find the monopolistic competitor-s average fixed cost

Reference No:- TGS068392

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find the monopolistic competitor-s average fixed cost

Reference No:- TGS068392

Recent Questions Asked Microeconomics

Q : Calculate contribution margin and profit generated

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Q : Find the monopolistic competitor-s average fixed cost

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