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Q. Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces demand curve given in following table:
Q P 20 2 18 4 16 6 14 8 12 10 10 12 8 14 6 16
a. What output will firm choose?
b. What will be monopolistic competitor's average fixed cost at output it chooses?
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