Use the Following to Answer Question

question 150

Multiple Choice

Use the following to answer question:
Figure: Profit Maximization in Monopolistic Competition
-(Figure: Profit Maximization in Monopolistic Competition) Use Figure: Profit Maximization in Monopolistic Competition.A firm in monopolistic competition will maximize profits by producing so that:

• A)P = MC.
• B)MR = MC.
• C)P = MR.
• D)P - ATC (i.e. ,economic profit per unit)is maximized.

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