Table 13-3 Table 13-3 Shows the Demand and Cost Schedules for a and Cost

question 76

Multiple Choice

Table 13-3

Table 13-3 shows the demand and cost schedules for a monopolistically competitive firm.
-Refer to Table 13-3.If this firm continues to produce, what is likely to happen to the product's price in the long run?

• A)It will fall.
• B)It will increase.
• C)It will remain constant.
• D)It cannot be determined without information on its long run demand curve.

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