Refer to the graph shown

Refer to the graph shown

4) Refer to the graph shown. If hamburger dinners are produced by a perfectly competitive industry with a market demand D:

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Refer to the graph shown
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a) price will equal marginal cost.

b) price will equal $6.

c) price will be greater than marginal revenue.

d) price will be greater than marginal revenue.

5) quiz

Refer to the graph shown. If this monopolistically competitive firm maximizes profit, it will

a) charge $45 per dress.

b) charge $78 per dress.

c) charge $78 per dress.

d) shut down because it cannot cover its opportunity costs.

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