Multiple Choice
A monopolistic competitor is producing a level of output at which price is $200,marginal revenue is $100,average total cost is $210,marginal cost is $100,and average variable cost is $180.In order to maximize profit,the firm should
A) increase output.
B) keep output the same.
C) decrease output.
D) shut down.
Correct Answer:
Verified
Correct Answer:
Verified
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