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

question 109

Multiple Choice

The figure below shows the revenue and cost curves of a monopolistically competitive firm.Figure: 12.2
In the figure,
D: Demand curve
MR: Marginal revenue curve
ATC₁ and ATC₂: Average total cost curves
MC: Marginal cost curve
-In Figure 12.2, if the market is monopolistically competitive, which quantity represents long-run equilibrium for the firm?

• A)15
• B)Between 15 and 40
• C)40
• D)55
• E)60

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