The Figure Given Below Shows the Revenue and Cost Curves

question 64

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
-Oligopoly can arise from:

• A)diseconomies of scale in production.
• B)limited demand for a product in the market.
• C)government regulations.
• D)easy availability of the crucial inputs.
• E)reduction of trade barriers.

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