Question $13$

$5$ pts

For a firm in a monopolistically competitive market: $P=$$$15$@$MR=MC$ for $Q^{**}=500$;AVC$=$$$17$@$Q^{**}$; TFC $=$$$2500$

This firm is making an economic profit

The market is in long$-$run equilibrium.

The firm should operate, but vill incur a loss of $$500.$

This firm should shut down.