The Figure Given Below Shows Revenue and Cost Curves of a Monopolistically

question 88

Multiple Choice

The figure given below shows revenue and cost curves of a monopolistically competitive firm.Figure: 12.1
In the figure,
MR: Marginal revenue curve
ATC: Average total cost curve
AVC: Average variable cost curve
MC: Marginal cost curve
-According to Figure 12.1, the profit-maximizing firm is making an average:

• A)profit on each unit produced, equal to the distance BG.
• B)loss on each unit produced, equal to the distance BG.
• C)profit on each unit produced, equal to the distance CE.
• D)loss on each unit produced, equal to the distance DG.
• E)loss on each unit produced, equal to the distance AC.

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Definitions:

Protection

Measures or actions taken to guard against loss, damage, or injury in various contexts.

Trademark Infringement

The unauthorized use of a trademark or service mark on or in connection with goods and/or services in a manner that is likely to cause confusion, deception, or mistake about the source of the goods and/or services.

Prospective Purchasers

Potential buyers who are interested in acquiring goods, services, property, or other assets.

Trademark Violation

The unauthorized use of a trademark or service mark (or a substantially similar mark) on competing or related goods and services.