The Short-Run Equilibrium Position for a Firm in Monopolistic Competition

question 114

Multiple Choice

The short-run equilibrium position for a firm in monopolistic competition is the point at which:

• A)price equals average variable cost.
• B)marginal revenue equals rising marginal cost.
• C)price equals marginal cost.
• D)marginal revenue equals average revenue.
• E)the firm's marginal-cost curve intersects its marginal-revenue curve from above.

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