A monopolistic competitor produces 100 units of a good at a cost of $22 per unit.If it charges a price of $19 per unit of the good,it will ________.
A) earn zero economic profits in the short run
B) incur a loss of $300 in the short run
C) earn a profit of $1,900 in the short run
D) incur a loss of $100 in the short run
Correct Answer:
Verified
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