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
-Martin is in the market for a new television set. He is deciding between two sets: one is rather expensive but offers a guarantee; the other has a lower price but offers no guarantee. Martin's decision to buy the expensive set would indicate that:

A) Martin does not know a good deal when he sees it.
B) Martin interpreted the guarantee as a signal of quality.
C) Martin did not shop around to get a better deal.
D) Martin is not maximizing his utility.
E) Martin has a high income.