The Figure Given Below Shows the Cost and Revenue Curves

Multiple Choice

The figure given below shows the cost and revenue curves of a monopolist.Figure 11.9
D: Average revenue
MR: Marginal revenue
ATC: Average total cost
MC: Marginal cost
-A monopolistically competitive market is characterized by:

A) one firm selling a unique product.
B) many firms selling identical products.
C) many firms selling similar but differentiated products.
D) few firms selling identical products.
E) few firms selling similar but differentiated products.