Marley7223 Marley7223

07-03-2020
Business

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1st attempt The short-run equilibrium for a monopolistically competitive firm is at price equals $29, average total cost equals $22, and marginal cost equals marginal revenue equals $18. Which of the following is true? Choose one:

A. The firm is operating in the upward-sloping portion of average total cost (ATC)
B. Per-unit profit is $11.
C. The firm could decrease the price and increase profts.
D. More firms will be attracted into the industry.
E. The firm could increase the price and increase profits

Respuesta :

Supabrain Supabrain

11-03-2020

Answer:

D. More firms will be attracted into the industry

Explanation:

Profits are maximised when Marginal revenue equals marginal costs.

when a firm makes profits, new firms will be attracted into the industry.

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