Refer to the Information Provided in Figure 15

Multiple Choice

Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. Figure 15.4
-Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $150 and is a monopolistically competitive firm. To maximize profits, the firm ________ of $23.

A) has an average total cost
B) earns a per-unit profit
C) should set a price
D) has an average fixed cost