Question: Short Answer Lesson 10 Directions: Print out this homework question, complete the exercise on the printed out page, scan and turn in the answer prior

 Short Answer Lesson 10 Directions: Print out this homework question, complete

Short Answer Lesson 10 Directions: Print out this homework question, complete the exercise on the printed out page, scan and turn in the answer prior to the date due. Please draw the graph for a monopolistically competitive firm operating at break even. Be sure to include ATC, AVC, MC, MR and Demand; as well as show Q* and P*. (6 points) In what two ways is the monopolistically competitive graph different from the monopoly graph when both firms are in the long run? (4 points)

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