Question: Use the graph below to explain the output, profit and loss conditions for monopolistically competitive firms. With examples, examine the barriers to business entry for

Use the graph below to explain the output, profit and loss

Use the graph below to explain the output, profit and loss conditions for monopolistically competitive firms. With examples, examine the barriers to business entry for imperfect competition firms. Price 25 ATT 25 20 15 00 20 5 MR 10 20 30 40 & 70 80 90 Supply

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