The Graph Shown Displays the Cost and Revenue Curves Associated

question 74

Multiple Choice

The graph shown displays the cost and revenue curves associated with a monopolistically competitive firm. This firm will produce where _______ equals _______ and will set price according to _______.

• A)marginal revenue; marginal cost; average total cost
• B)marginal revenue; marginal cost; demand
• C)demand; marginal cost; marginal revenue
• D)demand; marginal cost; average total cost

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