A monopolistic competitor has fixed costs of $100 and marginal
Costs of $10 per unit.What is its marginal revenue at its
Equilibrium price and quantity?
A)$10
B)$11
C)$1,100
D)$2,000

Question

Quizplus · Accepted Answer

In monopolistic competition, at equilibrium, marginal revenue (MR) equals marginal cost (MC). Given that the marginal cost is $10, the marginal revenue at equilibrium is also $10.

A Monopolistic Competitor Has Fixed Costs of $100 and Marginal