-Given the Marginal Cost and Average Total Cost Curves in Figure

Multiple Choice

-Given the marginal cost and average total cost curves in Figure 11-6,a monopolistically competitive firm in long-run equilibrium will produce

A) 250 units and charge a price of $6
B) less than 250 units and charge a price below $6
C) more than 250 units and charge a price below $6
D) more than 250 units and charge a price above $6
E) less than 250 units and charge a price above $6