Refer to the Information Provided in Figure 15

question 165

Multiple Choice

Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. Figure 15.4
-Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $150 and is a monopolistically competitive firm. To maximize profits in the short run, this firm should produce ________ personalized sweatshirts.

• A) 0
• B) 50
• C) 70
• D) 75

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Definitions:

Mergers

The combination of two or more companies into a single legal entity, often to achieve greater efficiency or market share.

Surviving LLC

A term used to describe a limited liability company that continues to exist after a merger or consolidation, absorbing the assets and liabilities of the other entity.

LLC

Limited Liability Company; a business structure in the United States that protects its owners from personal responsibility for its debts or liabilities.

Share Profits

The division of net profits among the shareholders or partners of an organization.