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Assume the graphrepresents the conditions facing a monopolistically competitive firm in long-run equilibrium. Based on this information and the graph, what can you deduce about

Assume the graphrepresents the conditions facing a monopolistically competitive firm in long-run equilibrium. Based on this information and the graph, what can you deduce about the ATC at the optimal output for the monopolistically competitive firm?

ATC is equal to 20

ATC is equal to 35

ATC is less than 20

ATC is more than 40

ATC is equal to 25
P MC 25 AVC 20 15 13 10 10 20 25 SO

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