Use the Following to Answer Questions Below

Multiple Choice

Use the following to answer questions below:

-Refer to the graph of Market 2. A monopolistically competitive firm that is maximizing profit given the unit cost curves displayed in the graph

A) is in long-run equilibrium.
B) will produce less and charge a lower price in the long run.
C) will produce less and charge a higher price in the long run.
D) will produce more and charge a lower price in the long run.