The Figure Given Below Shows the Revenue and Cost Curves

question 29

Multiple Choice

The figure given below shows the revenue and cost curves of a firm. MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve.Figure 9.4

-The characteristic that distinguishes a monopolistically competitive market from a perfectly competitive market is the:

• A)ease of entry.
• B)number of firms operating in the market.
• C)degree of government regulation in the activities of the firms.
• D)differentiation of products.
• E)extent of market share of each firm.

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