80 F3 LLI E D Question 33 2 pt Suppose that a firm in a monopolistically competitive market is operating at its profit- maximizing point in the long run. The firm has a total cost of $800 and sells 50 units of output. Given this, we can conclude that the price of the good is and the average total cost is: $16; $16. O $8; $8. O $8; $16. O $16; 58. $ 4 C 888 % 5 MacBook Air 66 27 & A R T Y U 8 * 00 Dil LL F G H J > - 19 B N N

80 F3 LLI E D Question 33 2 pt Suppose that a firm in a monopolistically competitive market is operating at its profit- maximizing point in the long run. The firm has a total cost of $800 and sells 50 units of output. Given this, we can conclude that the price of the good is and the average total cost is: $16; $16. O $8; $8. O $8; $16. O $16; 58. $ 4 C 888 % 5 MacBook Air 66 27 & A R T Y U 8 * 00 Dil LL F G H J > - 19 B N N

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter10: Monopolistic Competition And Oligopoly

Section: Chapter Questions

Problem 14CTQ: Aside from advertising, how can monopolistically competitive films increase demand for their...

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