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The Following Figure Shows the Cost Curves (ATC, Average Total

Question 92

Multiple Choice

The following figure shows the cost curves (ATC, average total cost; MC, marginal cost) of a firm that operates in a monopolistic competition market, as well as the demand (D) facing the firm and the marginal revenue (MR) of this firm.
The following figure shows the cost curves (ATC, average total cost; MC, marginal cost) of a firm that operates in a monopolistic competition market, as well as the demand (D) facing the firm and the marginal revenue (MR) of this firm. -Refer to the figure above.What is the profit-maximizing price that this firm should charge in the short run? A) $3 B) $4.50 C) $6.50 D) $4
-Refer to the figure above.What is the profit-maximizing price that this firm should charge in the short run?


A) $3
B) $4.50
C) $6.50
D) $4

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