Figure: Costs and Demand for a Monopolistic Competitor (Figure: Costs and Demand for a Monopolistic Competitor) What
Price should the firm charge?
A)$15
B)$10
C)The firm cannot be profitable, so the price is zero.
D)The firm is a price maker, so it should charge $20.

Question

Figure: Costs and Demand for a Monopolistic Competitor  (Figure: Costs and Demand for a Monopolistic Competitor) What
Price should the firm charge?
A)$15 
B)$10 
C)The firm cannot be profitable, so the price is zero. 
D)The firm is a price maker, so it should charge $20.

Quizplus · Accepted Answer

The Answer of Figure: Costs and Demand for a Monopolistic Competitor  (Figure: Costs and Demand for a Monopolistic Competitor) What
Price should the firm charge?
A)$15 
B)$10 
C)The firm cannot be profitable, so the price is zero. 
D)The firm is a price maker, so it should charge $20.