The Figure Shows the Demand Curve for Gap Jackets (D)

question 100

Multiple Choice

The figure shows the demand curve for Gap jackets (D) , and Gap's marginal revenue curve (MR) , marginal cost curve (MC) , and average total cost curve (ATC) .
-In the figure above, the market for jackets ________ in long-run equilibrium, and there is ________ for new firms to enter.

• A) is; no incentive
• B) is; an incentive
• C) is not; an incentive
• D) is not; no incentive

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