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100% + EB A 19 View Zoom Add Page Insert Table Chart Text Shape Media Comment Share Format Document Figure 16-2. The figure is drawn
100% + EB A 19 View Zoom Add Page Insert Table Chart Text Shape Media Comment Share Format Document Figure 16-2. The figure is drawn for a monopolistically competitive firm. 48 MC 38 Demand 16 - MR : 8 16 24 32 40 48 56 64 2 Nothing selected. Select an object or text to format. Refer to Figure 16-2. Suppose you were to add the ATC curve to the diagram to show the firm in a situation of long-run equilibrium. You would draw the ATC curve a tangent to the demand curve at the point (Q = 24, P = $36). b) tangent to the demand curve at the point (Q = 32, P = $32). c) with its minimum at the point (Q = 24, P = $36). d) with its minimum at the point (Q = 24, P = $24). 90 words
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