Refer to the above graph of a representative firm in monopolistic competition.What does line 1 represent?
A) Demand
B) Marginal cost
C) Marginal revenue
D) Average total cost

Question

Refer to the above graph of a representative firm in monopolistic competition.What does line 1 represent?
A) Demand 
B) Marginal cost 
C) Marginal revenue 
D) Average total cost

Quizplus · Accepted Answer

The Answer of  Refer to the above graph of a representative firm in monopolistic competition.What does line 1 represent?
A) Demand 
B) Marginal cost 
C) Marginal revenue 
D) Average total cost

Refer to the Above Graph of a Representative Firm in Monopolistic