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
-Compared with generic products, a brand name:

A) reduces the price elasticity of demand and gives a firm more market power.
B) increases the price elasticity of demand and gives a firm more market power.
C) increases the price elasticity of demand and gives a firm less market power.
D) reduces the price elasticity of demand and gives a firm less market power.
E) has no effect on price elasticity of demand or market power.