Multiple Choice
The figure given below shows the revenue and cost curves of a firm. MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve.Figure 9.4
-Which among the following does not determine the shape of the demand curve for a good under different market structures?
A) Number of substitutes in the market
B) Importance of the good in a consumer's budget
C) Cost structure of the firm
D) Price-elasticity of demand
E) The length of time being considered
Correct Answer:

Verified
Correct Answer:
Verified
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