Refer to the information provided in Figure 15.5 below to answer the question(s) that follow.
Figure 15.5
-Refer to Figure 15.5. Assume The Custom Sweater Shop has fixed costs of $500 and is a monopolistically competitive firm. At the profit-maximizing output in the short run, the firm ________ of $46.
A) has an average total cost
B) earns a profit
C) should set a price
D) has an average variable cost
Correct Answer:
Verified
Q146: If firms in a monopolistically competitive industry
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