The figure above shows the cost, marginal revenue, and demand curves of Golden Chow, a producer of dog food. The market for dog food is monopolistic competition. In the short run, Golden Chow sells 400 cans of dog food per day and makes ________
Other firms have ________ incentive to enter the industry. A) an economic profit of $200 a day; an
B) an economic profit of $400 a day; an
C) a normal profit of $200 a day; no
D) an economic profit of $400 a day; no
A
Economics
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