Respuesta :
If a monopolistically competitive firm's marginal cost curve shifts upward, then the amount of output it produces: could increase, decrease, or stay the same but more information is needed (Option B).
What is market?
- Market describes a location where buyers and sellers come together to enable the exchange of goods, services, or information for a fee or in exchange for other items.
- Demand and supply determine the price of products and services in a market.
- Markets can be real, where buyers and sellers interact in person, or virtual, where business is conducted online.
Now,
- The output level may rise, fall, or remain the same if a monopolistically competitive firm's marginal cost curve changes upward, but further data is required.
- In such case, more variables must be taken into account in this case to assess how production levels will affect things.
- Profits are decreased for each additional component when the marginal cost (MC) exceeds the marginal revenue (MR).
- By lowering the output level, the company will raise its earnings, which will cause the MC to equal the MR.
- On the other side, output levels will rise if production begins when the MR surpasses the marginal cost since each marginal revenue increases profit because it provides more income than its costs.
Hence, If a monopolistically competitive firm's marginal cost curve shifts upward, then the amount of output it produces: could increase, decrease, or stay the same but more information is needed (Option B).
To learn more about market, refer to the link: https://brainly.com/question/25754149
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