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Figure 16-8 The Figure Is Drawn for a Monopolistically-Competitive Firm

Question 247

Multiple Choice

Figure 16-8
The figure is drawn for a monopolistically-competitive firm.
Figure 16-8 The figure is drawn for a monopolistically-competitive firm. -Refer to Figure 16-8.For this firm,the long-run equilibrium quantity of output is A) 100 and the long-run equilibrium price is $90. B) 100 and the long-run equilibrium price is $140. C) 133.33 and the long-run equilibrium price is $56.67. D) 133.33 and the long-run equilibrium price is $123.33.
-Refer to Figure 16-8.For this firm,the long-run equilibrium quantity of output is


A) 100 and the long-run equilibrium price is $90.
B) 100 and the long-run equilibrium price is $140.
C) 133.33 and the long-run equilibrium price is $56.67.
D) 133.33 and the long-run equilibrium price is $123.33.

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