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
-The oligopoly market structure model is characterized by:

A) many firms in an industry producing differentiated products.
B) many firms in an industry producing identical products.
C) few firms in an industry with natural barriers to entry.
D) a single firm in an industry with barriers to entry.
E) many firms in an industry with barriers to entry.