Refer to the above graph of the representative firm in monopolistic competition. Point c is the intersection of the:
A. marginal cost and average total cost curves.
B. average total cost and demand curves.
C. marginal cost and demand curves.
D. marginal cost and marginal revenue curves.
Answer: C
Economics
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A currency system in which governments try to keep the values of their currencies constant against another is called a ________ exchange rate system
A) flexible B) consistent C) fixed D) stable
Economics
Which of the following would be most likely to cause an increase in the demand for gold?
A) A decrease in the price of gold B) The expectation of a future decrease in the price of gold C) An increase in the price of gold D) The expectation of a future increase in the price of gold E) An increase in the supply of gold
Economics