Scenario 9.2 Consider a Publicly Held Firm (One Whose Stock Shares Are

Multiple Choice

Scenario 9.2
Consider a publicly held firm (one whose stock shares are traded on the stock exchange) that earned revenue worth $350 million and incurred land, labor, and debt costs worth $320 million. The stockholders who have invested a total of $100 million in this firm could have earned 10 percent return on other comparable investments.
-For which of the following types of firm does the average revenue curve coincide with the marginal revenue curve?

A) A monopolist
B) An oligopoly firm
C) A monopolistically competitive firm
D) A perfectly competitive firm
E) A monopsonist