-The Above Figure Shows the Situations of a Monopolistic Competitor

question 171

Multiple Choice

-The above figure shows the situations of a monopolistic competitor in the short run. To maximize profits, the firm should produce

• A) 10,000 units.
• B) 12,000 units.
• C) 13,000 unit.
• D) somewhere between 10,000 and 12,000 units.

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Definitions:

Much

A large amount or degree of something.

Excessive

Describes an amount or degree of something that is more than necessary, reasonable, or permissible.

Lack

The absence or deficiency of something desirable or necessary.

Apart

Separated by a distance or gap, or considered as separate or distinct entities.