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Figure: Monopolistic Competition III 
-Toby operates a small deli downtown.The deli industry is monopolistically competitive.Toby,along with every other deli in town,is producing the quantity that minimizes his average total cost.Assuming the delis are maximizing profits,the:
A) number of delis will eventually decrease.
B) number of delis will eventually increase.
C) delis' prices equal their average total costs.
D) delis have excess capacity.
Correct Answer:
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Figure: The
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Figure: The
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Figure: The
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Figure: Monopolistic
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Figure: Profit
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Figure: Monopolistic
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