The Figure Given Below Shows the Revenue and Cost Curves

Multiple Choice

The figure given below shows the revenue and cost curves of a monopolistically competitive firm.Figure 12.4
MR: Marginal revenue curve
ATC: Average total cost curve
MC: Marginal cost curve
-The objective of creating a brand name is:

A) to reduce the price of the product.
B) to ensure a steady supply of the good in the market.
C) to reduce the price elasticity of demand.
D) to reduce the cost of production of the firm.
E) to attract rival firms into the market.