9 of 12 Questions Press Esc | to exit full screen 2 Question 100% The accopmanying graph depicts the long-run costs and 1 of 2 Attempts Correct revenue for a monopolistically competitive firm. The numbers in parentheses show the output level and the cost, respectively, 800 MC 3 Question 100% associated with various points. 750 1 of 2 Attempts Correct 700 Place point A at the profit maximizing price and quantity. 650 ATC (1 1, 600) 600 4 Question 100% (3,550) 550 1 of 2 Attempts Correct 500 (1 1,500) What is the profit-maximizing output of this monopolistically 450 (5, 425) 5 Question 100% competitive firm? 400 1 of 2 Attempts 350 (8, 400 Correct (7, 340) 300 250 6 Question 100% 200 (5, 200) 1 of 2 Attempts Correct Units of Output 150 100 7 Question 100% 50 MR 1 of 2 Attempts Correct What is the level of excess capacity for this monopolistically 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Units of Output competitive firm? 8 Question 0/100 0 of 2 Attempts 9 Question 0% Units of Output 0 of 2 Attempts 10 Question 0% 0 of 2 Attempts 11 Question 95% 2 of 2 Attempts Correct 12 Question 100% 1 of 2 Attempt Correct