A monopolistically competitive rm is producing at the output where its marginal revenue equals its marginal cost. At this output of 280 units, its total revenue is $17,920, its average variable cost is $48, and its average xed cost is $16. At this output the rm has an economic _______ . Note: all costs include opportunity cost. 0 More information is needed to answer this question. 0 loss 0 prot 0 break even Assume that a horizontal merger is being considered between two rms. The current HHI is 2,800, and the new HHI after the merger will be 3,200. Which of the following statements is correct regarding the industry classication and the reaction of the DOJ? 0 Prior to the merger the industry is moderately concentrated. After the merger, the industry is highly concentrated. The DO] is likely to investigate the merger. 0 Prior to the merger the industry is highly concentrated. After the merger, the industry is highly concentrated. The DO] will investigate the merger. 0 Prior to the merger the industry is highly concentrated. After the merger, the industry is highly concentrated. The DO] will oppose the merger. 0 Prior to the merger the industry is moderately concentrated. After the merger, the industry is highly concentrated. The DO] is likely to take no action