ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw

تمرين 3

You are hired as the consultant to a monopolistically competitive firm. The firm reports the following information about its price, marginal cost, and average total cost. Can the firm possibly be maximizing profit? If not, what should it do to increase profit? If the firm is profit maximizing, is the firm in a long-run equilibrium?
a. P MC , P ATC
b. P MC , P ATC
c. P = MC , P ATC
d. P MC , P = ATC