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A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is $4.75, marginal revenue is $3.00, and marginal cost is $3.50. This firm
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30 votes
30 votes
A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is $4.75, marginal revenue is $3.00, and marginal cost is $3.50. This firm is operating

User London Student
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1 Answer

11 votes
11 votes

Answer:

loss at the short run

Step-by-step explanation:

marginal cost is higher than the marginal revenue

User Abhay Kochar
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