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stars_and_moon stars_and_moon
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Posts: 3218
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8 years ago
A firm in monopolistic competition is trying to decide whether or not to differentiate its product by staying open 24 hours.  The firm should stay open 24 hours if
A) the marginal revenue from the extra hours of business exceeds the marginal cost.
B) it is the only firm that is open for 24 hours.
C) the average revenue from a 24 hour day exceeds the average cost.
D) its is earning a positive profit.
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kingbykingby
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#1
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Posts: 3218
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7 years ago
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#2
7 years ago
I compared your answer with a buddy, and it matches

Thanks
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#3
7 years ago
I instantly knew the answer when I read the question, happy to help
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