-Bonus Pre-Test Assignme x / @Take a Test-Aashraya M xeeChegg Study l Guided S.

Question

-Bonus Pre-Test Assignme x / @Take a Test-Aashraya M xeeChegg Study l Guided S. × Kaustubh kalyaniga C Secure https://www.mathxl.com/Student/Player lestasp history d-96093 1 1/3201 //82&testid;=1/3201//g ccng econ xly62fsl Econ 1B03 Evening Section Aashraya Mehta Quiz: Bonus Pre-Test #3 Submit Quiz This Question: 1 pt 7 of 17 This Quiz: 20 pts possible What is this monopolistically competitive firm experiencing at pt. A? Price (dollars) A. The firm is earning zero economic profit and must be in short-run equilibrium. O B. The firm is earning positive economic profit and must be in long-run equilibrium. ATC2 MC C. The firm is suffering an economic loss and must be in short-run equilibrium. 0 D. The firm is earning normal economic profit and must be in long-run equilibrium. MR 10 20 30 40 b) Click to select your answer. Save for Later 1159 AM O Type here to search ENG 2017-11-28

Explanation / Answer

Ans is A

Firm is operating at a point where MR=MC in short and price=ATC at quantity=20

Related Questions

Navigate

• Browse (All)
• Browse #
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.