Table 101 Shows the Output, Price, and Total Cost for a a Monopolistic

question 2

Multiple Choice

Table 10.1 shows the output, price, and total cost for a monopolistic competitor. At the profit-maximizing output, the monopolistically competitive firm is in:​ ​
Table 10.1.
​

• A)long-run equilibrium and price equals average total cost.
• B)long-run equilibrium and price is less than average total cost.
• C)short-run equilibrium and price is greater than average total cost.
• D)short-run equilibrium and incurs an economic loss.
• E)short-run equilibrium and there is zero economic profit.