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
-Strategic behavior occurs when:

A) there are a large number of firms selling identical products.
B) there is only one firm in the market.
C) the firms have no command over the prices of the good they produce.
D) the firms can take any decision irrespective of what their rival does.
E) what is best for a firm depends on what his rival does.