Figure 16-5 The Figure Is Drawn for a Monopolistically Competitive Firm

question 20

Multiple Choice

Figure 16-5
The figure is drawn for a monopolistically competitive firm.
-Refer to Figure 16-5. When the firm is maximizing its profit, the markup over marginal cost amounts to

• A)$16.67.
• B)$33.33.
• C)$50.00.
• D)$66.66.