Caskets Are Produced in a Monopolistic Competitive Market

question 102

Multiple Choice

Caskets are produced in a monopolistic competitive market.One producer,Final Boxes,sells 20 caskets a week at a price of $550 each.Its average total cost is $600.From this information,we know that

• A) new casket firms will want to enter.
• B) this producer is losing $1,000 a week.
• C) this producer is making an economic profit of $500.
• D) this producer is setting marginal revenue equals marginal cost.
• E) this producer should increase production.

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DNA sequences that do not code for proteins but have regulatory and other functions, making up a large portion of the genome in many organisms.