Table 13-3

Table 13-3 shows the demand and cost schedules for a monopolistically competitive firm.
-Refer to Table 13-3.If this firm continues to produce, what is likely to happen to the product's price in the long run?
A)It will fall.
B)It will increase.
C)It will remain constant.
D)It cannot be determined without information on its long run demand curve.

Question

Table 13-3
  
Table 13-3 shows the demand and cost schedules for a monopolistically competitive firm.
-Refer to Table 13-3.If this firm continues to produce, what is likely to happen to the product's price in the long run?
A)It will fall. 
B)It will increase. 
C)It will remain constant. 
D)It cannot be determined without information on its long run demand curve.

Quizplus · Accepted Answer

The Answer of Table 13-3
  
Table 13-3 shows the demand and cost schedules for a monopolistically competitive firm.
-Refer to Table 13-3.If this firm continues to produce, what is likely to happen to the product's price in the long run?
A)It will fall. 
B)It will increase. 
C)It will remain constant. 
D)It cannot be determined without information on its long run demand curve.

Table 13-3 Table 13-3 Shows the Demand and Cost Schedules for a and Cost