The Figure Given Below Shows the Revenue and Cost Curves

question 46

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
-A consumer becomes loyal to a product when:

• A)the good is available at a very low price.
• B)the product is as good as its substitutes.
• C)the product comes with a gift occasionally.
• D)he/she has had a positive experience with that good.
• E)discounts are offered periodically.

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Definitions:

Short Bone

Bones that are about as long as they are wide, providing support and stability with little to no movement, typically found in the wrist and ankle.

Flat Bone

Bones with a thin, flattened shape and a broad surface, providing protection for internal organs and serving as attachment sites for muscles.

Plate-Like

Resembling a thin, flat piece or slab, typically describing structures within organisms or geological formations.