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Question: The short-run equilibrium position for a firm in monopolistic competition is the point at which: ...
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Show transcribed image text The short-run equilibrium position for a firm in monopolistic competition is the point at which: A. Price equals average variable cost. B. Marginal revenue equals rising marginal cost. C. Price equals marginal cost. D. Marginal revenue equals average revenue. E. The film's marginal-cost curve intersects its marginal-revenue curve from above. Answer: ______ When practicing price discrimination, a firm can increase its revenue by: A. Charging a higher price to the customers with a perfectly elastic demand. B. Supplying more in a market with a more inelastic demand. C. Charging a higher price to the customers with a more inelastic demand. D. Supplying less in a market with lower elasticity of demand. E. Charging a lower price in a market dominated by wealthy consumers. Answer: ______

The short-run equilibrium position for a firm in monopolistic competition is the point at which: A. Price equals average variable cost. B. Marginal revenue equals rising marginal cost. C. Price equals marginal cost. D. Marginal revenue equals average revenue. E. The film's marginal-cost curve intersects its marginal-revenue curve from above. Answer: ______ When practicing price discrimination, a firm can increase its revenue by: A. Charging a higher price to the customers with a perfectly elastic demand. B. Supplying more in a market with a more inelastic demand. C. Charging a higher price to the customers with a more inelastic demand. D. Supplying less in a market with lower elasticity of demand. E. Charging a lower price in a market dominated by wealthy consumers. Answer: ______