The above figure is for a firm in monopolistic competition. The diagram represents the short run rather than the long run because the

A) MR curve cuts the ATC curve from below.
B) MR curve and the D curve do not coincide.
C) firm is incurring an economic loss.
D) firm is making an economic profit.

D

Economics

You might also like to view...

_____ allow an individual to buy a company's stock at a pre-determined price on or after a certain future date

a. Arbitrage b. Futures contracts c. Options d. Spot markets

Economics

Specialization increases total world output.

Answer the following statement true (T) or false (F)

Economics