The summary of the demand and costs for a firm that operates in a monopolistically competitive market.
- 1) 7 units at MC=MR
- 2) $ 130 D value at 7 unit
- 3) [tex](130-110)*7=$140 Q*(D-ATC) D[/tex] ATC values are at q=7
What is a competitive market.?
Generally, the equation In a competitive market, neither a single customer nor a single manufacturer can have a significant impact on the market. Its reaction to supply and demand changes as seen by the supply curve, which depicts the amount of a good
In conclusion, the summary of the demand and costs for a firm that operates in a monopolistically competitive market.
1) 7 units at MC=MR
2) $ 130 D value at 7 unit
3) [tex](130-110)*7=$140 Q*(D-ATC) D[/tex]
ATC values are at q=7
Complete question
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Read more about the competitive market.
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