A firm in a monopolistically competitive market determines the profit-maximizing output at which
A) MR = P.
B) MR = ATC.
C) MR = AVC.
D) MR = MC.
D
Economics
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Discuss three major points about what gives money its value.
What will be an ideal response?
Economics
If you generate a new idea that has not been implemented yet by anyone else, and the idea offers a more profitable use of some resource, it is likely an example of:
A. innovation. B. market failure. C. intervention. D. a goal other than profit.
Economics