Question: Question 1 (i) Use the graph below to explain the output, profit and loss monopolistically competitive firms. Show your work where reference to the Graph.

Question 1 (i) Use the graph below to explain the output,
profit and loss monopolistically competitive firms. Show your work where reference to

Question 1 (i) Use the graph below to explain the output, profit and loss monopolistically competitive firms. Show your work where reference to the Graph. Firm Lan T-shirt monopolistic competitive firm rice MC 25 ATC 25 ATCI 20 15 DD 10 5 MR 10 20 30 40 50 60 70 80 90 Supply

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