Figure 16-9
The figure is drawn for a monopolistically-competitive firm.
-Refer to Figure 16-9. For this firm, the long-run equilibrium quantity of output is
A)100 and the long-run equilibrium price is $90.
B)100 and the long-run equilibrium price is $140.
C)133.33 and the long-run equilibrium price is $56.67.
D)133.33 and the long-run equilibrium price is $123.33.

Question

Figure 16-9
The figure is drawn for a monopolistically-competitive firm. 
-Refer to Figure 16-9. For this firm, the long-run equilibrium quantity of output is
A)100 and the long-run equilibrium price is $90. 
B)100 and the long-run equilibrium price is $140. 
C)133.33 and the long-run equilibrium price is $56.67. 
D)133.33 and the long-run equilibrium price is $123.33.

Quizplus · Accepted Answer

The Answer of Figure 16-9
The figure is drawn for a monopolistically-competitive firm. 
-Refer to Figure 16-9. For this firm, the long-run equilibrium quantity of output is
A)100 and the long-run equilibrium price is $90. 
B)100 and the long-run equilibrium price is $140. 
C)133.33 and the long-run equilibrium price is $56.67. 
D)133.33 and the long-run equilibrium price is $123.33.

Figure 16-9 The Figure Is Drawn for a Monopolistically-Competitive Firm