Minority workers are hired less often, for fewer hours, for less desirable jobs, and at lower wages

The firm in the figure above is in monopolistic competition. It will set a price equal to

A) $1. B) $2. C) $3. D) more than $3.

Average costs curves rise with production

a. Due to declining average fixed costs b. Due to rising average fixed costs c. Due to marginal costs being less than average costs d. Due to rising marginal costs