What output will firm choose. what will be monopolistic, Ask an Expert

Economics

Q. Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces demand curve given in following table:

Q P
20 2
18 4
16 6
14 8
12 10
10 12
8 14
6 16

a. What output will firm choose?

b. What will be monopolistic competitor's average fixed cost at output it chooses?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9294855

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