The monopolistically competitive firm maximizes profit by producing to the point at which
A) ATC = AVC.
B) MC = MR.
C) MR = AR.
D) MC = P.
Answer: B
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The aggregate money demand depends on
A) the interest rate. B) the price level. C) real national income. D) the interest rate, price level, and real national income. E) the price level and the liquidity of the asset.
How does a primary financial market differ from a secondary financial market?
What will be an ideal response?
The ideal pollution tax adds how much to private cost?
a. as much as possible b. an amount that will maximize government tax revenue c. an amount equal to the market price d. an amount equal to the external cost e. nothing
Inventories are goods that can be considered as “purchased” by
A. the firms that produce them. B. the consumers that ultimately buy them. C. the government since they are tax deductible. D. no one since they are not counted as part of GDP.