The Graph Depicts a Monopolistically Competitive Firm

question 111

Multiple Choice

The graph depicts a monopolistically competitive firm. Refer to the above graph representing an individual firm.In the short run,this monopolistically competitive firm will set price at:

• A) $65 and produce 45 units of output.
• B) $65 and produce 35 units of output.
• C) $50 and produce 35 units of output.
• D) $50 and produce 50 units of output.

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