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A monopolistically competitive firm is producing at an output level in the short run where average total cost is $5.00, price is $5.20, marginal revenue
A monopolistically competitive firm is producing at an output level in the short run where average total cost is $5.00, price is $5.20, marginal revenue is $3.50, and marginal cost is $3.00. This firm is operating
Multiple Choice:
A) with a loss.
B) with positive profits.
C) at the break-even point.
D) at an optimal level of output.
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