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

You might also like to view...

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