Table 101 Shows the Output, Price, and Total Cost for a a Monopolistic

Multiple Choice

Table 10.1 shows the output, price, and total cost for a monopolistic competitor. At the profit-maximizing output, the monopolistically competitive firm is in:​ ​
Table 10.1.
​

A) long-run equilibrium and price equals average total cost.
B) long-run equilibrium and price is less than average total cost.
C) short-run equilibrium and price is greater than average total cost.
D) short-run equilibrium and incurs an economic loss.
E) short-run equilibrium and there is zero economic profit.