Table 16-7 a Monopolistically Competitive Firm Faces the Following Demand Schedule for Schedule

question 470

Multiple Choice

Table 16-7
A monopolistically competitive firm faces the following demand schedule for its product. In addition, the firm has total fixed costs equal to $10.

-Refer to Table 16-7.If the firm has a constant marginal cost of $5 per unit,how many units should the firm produce to maximize profit?

• A) 3 units
• B) 4 units
• C) 5 units
• D) 6 units

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