Multiple Choice

-Figure 11-2 illustrates a monopolistically competitive firm.In order to maximize profit,or minimize loss,the firm will
A) close down
B) produce approximately 10 units of output and charge approximately $500
C) produce approximately 7.5 units of output and charge nearly $600
D) produce approximately 12.5 units of output and charge approximately $425
E) produce 5 units of output and charge $650
Correct Answer:
Verified
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