In the Short Run, in Equilibrium, Firms That Operate in a

Multiple Choice

In the short run, in equilibrium, firms that operate in a
Monopolistically competitive market face a down sloping demand
Curve and will charge a price where _____ and ______.

A) quantity produced is maximized; costs are minimized
B) sales revenue is maximized; costs are falling
C) MR = MC; P > average cost
D) average costs are rising; sales are rising