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The Figure Given Below Shows the Revenue and Cost Curves

Question 46

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The figure given below shows the revenue and cost curves of a monopolistically competitive firm.Figure 12.4
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 -A consumer becomes loyal to a product when: A) the good is available at a very low price. B) the product is as good as its substitutes. C) the product comes with a gift occasionally. D) he/she has had a positive experience with that good. E) discounts are offered periodically. MR: Marginal revenue curve
ATC: Average total cost curve
MC: Marginal cost curve
-A consumer becomes loyal to a product when:


A) the good is available at a very low price.
B) the product is as good as its substitutes.
C) the product comes with a gift occasionally.
D) he/she has had a positive experience with that good.
E) discounts are offered periodically.

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