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www.google.com xTake a Test- Ryan Rioer X . C Secure https://www mathd rTest.asp

ID: 1127275 • Letter: W

Question

www.google.com xTake a Test- Ryan Rioer X . C Secure https://www mathd rTest.aspx?testid-1682410948ce ECON 206 (01) Fall 2017 Ryan Rice Test: Exam 2 This Question: 3 pts 3001 45p5 complete) Price and cost (dollars per client) 100.00 90.00 80.00 70.00 60.00 50.00 40.00 0.00 20.00 10.00 MC ATC MR 0 2 1 Quantiky (clients per diy) Kevin owns a personal training gyesium in Oriando The abve fureshows the demand and cost curves for hs firm, which csmpeles in a monopolsticaly compesti OD, between 2 and 4 D.10 OE. None of the above answers is coreot Cick to select your answer

Explanation / Answer

a monopolistic competition firm produces where MR = MC, here such kind of situation is happening at the point where MR = MC, SO here the answer must be 4,

THUS ANSWER IS C