-The Figure Above Shows Firm X

-The figure above shows Firm X.The ________ firm charges a markup of ________.

A) monopolistically competitive; $10 per unit because price exceeds marginal cost
B) monopolistically competitive; $20 per unit because prices exceeds average total cost
C) perfectly competitive; $10 per unit because price equals average total cost
D) perfectly competitive; $20 per unit because price exceeds average total cost
E) monopolistically competitive; $10 per unit because the demand curve lies above the marginal revenue curve

Correct Answer:

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