Business, 22.08.2019 00:20, noeliaalvarado

Amonopolistically competitive firm is currently charging a price of $10 and producing 12,000 units/month. it faces monthly fixed costs of $15,000 and has an average variable cost of $6/unit. in the long run, we would expect: a. the firm to go out of businessb. the price will fall and output will fallc. the price will rise and output will falld. the price will fall and output will rise

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Amonopolistically competitive firm is currently charging a price of $10 and producing 12,000 units/m...