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    Microeconomics Study Set 15
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    Exam 10: Monopolistic Competition : The Competitive Model in More Realistic Setting
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    -Refer to Table 10-4. at Victoria's Profit-Maximising Output
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-Refer to Table 10-4. at Victoria's Profit-Maximising Output

Question 78

Question 78

Multiple Choice


-Refer to Table 10-4. At Victoria's profit-maximising output,


A) profit equals $2.
B) total revenue equals $24 and total cost equals $20.
C) total revenue equals $25 and total cost equals $22.
D) total revenue equals $21 and total cost equals $17.

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