The Figure Given Below Shows the Revenue and Cost Curves

Multiple Choice

The figure given below shows the revenue and cost curves of a monopolistically competitive firm.Figure 12.4
MR: Marginal revenue curve
ATC: Average total cost curve
MC: Marginal cost curve
-Product differentiation:

A) is carried out by both perfectly competitive and monopolistically competitive firms.
B) is succesful if a firm faces a relatively inelastic demand curve.
C) does not allow the firm to raise its price without losing all of its customers.
D) cannot be accomplished through advertising or trivial product changes.
E) if carried out successfully enables the firms to enjoy market power.