Figure 16-1

Figure 16-1. The figure is drawn for a monopolistically competitive firm.

-Refer to Figure 16-1.Suppose you were to add the ATC curve to the diagram to show the firm in a situation of long-run equilibrium.You would draw the ATC curve

A) with its minimum at the point (Q = 12, P = $18) .
B) with its minimum at the point (Q = 12, P = $12) .
C) tangent to the demand curve at the point (Q = 12, P = $18) .
D) tangent to the demand curve at the point (Q = 16, P = $16) .