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I am looking for the solution to Chapter 16 question 5. It looks like the answer

ID: 1184832 • Letter: I

Question

I am looking for the solution to Chapter 16 question 5. It looks like the answer posted on here for chapter 16 problem #5 is not answering the question that corresponds with my book. My question is: You are hired as the consultant to a monopolistically competitive firm. The firm reports the following information about its price, marginal const, and average total cost. Can the firm possible be maximizing profit? If not, what should it do to increase profit? If the firm is profit maximizing, is the firm in a long-run equilibrium? If not, what will happen to restore long-run equilibrium? a) PATC b) P>MC, PATC d) P>MC, P=ATC

Explanation / Answer

INformation is not posted..!!! Plz.. post it or mail it to me ,I will surely help>!!! Plz.. do rate my answer with 5 star ratings..!!!