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The Second-Order Condition for a Firm Maximizing Its Profit Operating

Question 49

Multiple Choice

The second-order condition for a firm maximizing its profit operating in a monopolistically competitive market is:

A) −(d²C(Q) /dQ²) < 0.
B) (d²R (Q) /dQ²) − (d²C(Q) /dQ²) < 0.
C) (d²R (Q) /dQ²) = (d²C(Q) /dQ²) .
D) (dMR/dQ) > (dMC/dQ) .

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