10. This firm is selling its output in what type of market?

10. This firm is selling its output in what type of market?

A. Perfect competition

B. Monopolistic competition

C. Oligopoly

D. Impossible to determine with the information provided

E. Pure monopoly

11. If this firm were to shut down then it would lose _______ dollars.

12. The profit-maximizing level of output is equal to _______.

13. At the profit-maximizing output the marginal profit is equal to ______ dollars

14. Marginal Revenue is equal to ________ dollars

15. The TC of producing two units of output is _______ dollars.

16. The TVC of producing 3 units of output is _________ dollars

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