The Figure Given Below Shows the Revenue and Cost Curves

question 101

Multiple Choice

The figure given below shows the revenue and cost curves of a monopolistically competitive firm.Figure 12.4
MR: Marginal revenue curve
ATC: Average total cost curve
MC: Marginal cost curve
-In monopolistic competition, firms may differentiate their products in many ways except on the basis of:

• A)quality.
• B)style.
• C)price.
• D)packaging.
• E)guarantees.

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