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![The graph below shows cost and revenue curves for a monopolistically competitive firm.
Price
$2.00
$1.75
$1.50
$1.25
$1.00
$0.75
$0.50
$0.25
0
20 40 60
MR
Quantity
It will charge a price of $
ATC
MC
D
80 100 120 140 160
This monopolist's profit-maximizing output level is
on the x-axis.]
units. [Watch for the scale](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9ed048cc-3d44-4889-b0f5-6cad68501a35%2F85940b93-4226-42ba-8d76-59a1fb9e58bb%2Fy6pxh4g_processed.jpeg&w=3840&q=75)
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