How Is Total Output Determined in the Dominant Firm Model

Multiple Choice

How is total output determined in the dominant firm model?

A) The dominant firm produces the highest level of output given its production function.
B) All firms in the market produce at the level where marginal cost equals marginal revenue.
C) The dominant firm produces at the level where marginal cost equals marginal revenue.
D) The fringe firms produce at the point where marginal revenue equals marginal cost.