$100 $90 MC АТС $80 $70 $60 $50 $40 $30 Demand = P $20 $10 MR $0 10 20 30 40 50 60 Output (Q) The firm shown in the diagram above is in long run equilibrium in a monopolistically competitive market. According to the graph, Excess Сарacity is units of Output. Select one: O a. 40 O b. 10 О с. 30 O d. 20
$100 $90 MC АТС $80 $70 $60 $50 $40 $30 Demand = P $20 $10 MR $0 10 20 30 40 50 60 Output (Q) The firm shown in the diagram above is in long run equilibrium in a monopolistically competitive market. According to the graph, Excess Сарacity is units of Output. Select one: O a. 40 O b. 10 О с. 30 O d. 20
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![32
$100
$90
MC
АТС
$80
I of
$70
$60
$50
$40
$30
Demand = P
%3D
$20
$10
MR
$0
10
20
30
40
50
60
Output (Q)
The firm shown in the diagram above is in long run equilibrium in a monopolistically competitive market. According to the graph, Excess
Capacity is
units of Output.
Select one:
а. 40
b. 10
C.
30
d. 20](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F193714d8-3c10-4709-93ec-78d72c25a76b%2F28d9f41f-9e2c-497e-abe8-101634a08fc9%2Fruhd7ci_processed.png&w=3840&q=75)
Transcribed Image Text:32
$100
$90
MC
АТС
$80
I of
$70
$60
$50
$40
$30
Demand = P
%3D
$20
$10
MR
$0
10
20
30
40
50
60
Output (Q)
The firm shown in the diagram above is in long run equilibrium in a monopolistically competitive market. According to the graph, Excess
Capacity is
units of Output.
Select one:
а. 40
b. 10
C.
30
d. 20
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