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-In the Above Figure of a Monopolistically Competitive Firm, the Marginal

Question 207

Multiple Choice

-In the above figure of a monopolistically competitive firm, the marginal cost of the last unit produced is equal to ________ and is ________ marginal revenue. A) P<sub>2</sub>; greater than B) P<sub>3</sub>; greater than C) P<sub>1</sub>; greater than D) P<sub>1</sub>; equal to
-In the above figure of a monopolistically competitive firm, the marginal cost of the last unit produced is equal to ________ and is ________ marginal revenue.


A) P2; greater than
B) P3; greater than
C) P1; greater than
D) P1; equal to

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