Multiple Choice
If a monopolistically competitive seller's marginal cost is $3.56, the firm will increase its output if
A) its marginal revenue is less than $3.56.
B) its marginal revenue is equal to $3.56.
C) its marginal revenue is more than $3.56.
D) its average total cost is less than $3.56.
E) Both answers A and D are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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