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
-For years, Intel was able to charge a higher price for microchips because:

A) it had a higher quality product than its rivals.
B) it spent less on advertising than its rivals.
C) consumers knew that Intel had the best employees.
D) Intel relied more on foreign labor.
E) of its successful product differentiation.