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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Given the information in the table below and assuming monopolistic competition:
a. (1 pt) Is this firm in equilibrium? Please explain.
b. (1 pt) At the firmA????1s optimal level of output what is its average total cost?
c. (Bonus 1 pt) What is this firms excess capacity?
|
Q |
Price ($) |
MR ($) |
MC ($) |
ATC ($) |
|
0 |
200 |
-- |
-- |
-- |
|
2 |
194 |
194 |
100 |
282 |
|
4 |
188 |
182 |
120 |
201 |
|
6 |
182 |
170 |
144 |
182 |
|
8 |
176 |
158 |
172 |
179 |
|
10 |
170 |
146 |
207 |
185 |
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