If a monopolistic competitor is prodocing an eutput for which marginal revenue is$40and marginal cast is 532 to maximize profits the finm should A. desrast the level of output. B. keep the level of eutput eonstaet. C. coctinue to make 58 per unit D. increzese the level of output.

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter10: Monopolistic Competition And Oligopoly
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Problem 9RQ: If the firms in a monopolistically competitive market are earning economic profits or losses in the...
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22. If a monopolistic competitor is prodocing an eutput for which marginal revenue is$40and marginal cast is 532 to maximize profits the finm should

A. desrast the level of output.

B. keep the level of eutput eonstaet.

C. coctinue to make 58 per unit

D. increzese the level of output. 

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