a-firm-in-monopolistic-competition-has-a-price-of-18-average-total-cost-of-14-an

Question

A firm in monopolistic competition has a price of $18, average total cost of $14, and sells 200 units. What is the total profit?

Accepted Answer

$800

Answer

$400

Answer

$600

Answer

$1000

A firm in monopolistic competition has a price of \$18, average total cost of \$14, and sells 200 units. What is the total profit?