Refer to the following graph to answer the following questions:

-The short-run profit-maximizing output for the monopolistic competitive firm is ________ units per week.
A) 0 (zero)
B) 50
C) 60
D) 85
E) 90

Question

Refer to the following graph to answer the following questions:
 
-The short-run profit-maximizing output for the monopolistic competitive firm is ________ units per week.
A) 0 (zero) 
B) 50 
C) 60 
D) 85 
E) 90

Quizplus · Accepted Answer

The short-run profit-maximizing output for a monopolistic competitive firm is determined where marginal cost (MC) equals marginal revenue (MR). Without specific cost and revenue data, the correct answer cannot be determined from the information given. However, assuming choice B (50 units per week) is the correct answer implies it is based on hypothetical or provided data indicating where MC equals MR.

Refer to the Following Graph to Answer the Following Questions