Monopolistically competitive firms

A) have market power because they can set price above marginal cost.
B) have no market power because they earn zero economic profit.
C) have no market power because of free entry.
D) have no market power because price equals marginal cost.


A

Economics

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The accompanying table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities.Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000  $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000  $9,5005 $13,416$50,000  The net benefit of hiring fundraisers is largest when ________ employees are hired.

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