Refer to Table 17-2. The firm represented in the diagram
A) has market power in the output market.
B) has market power in both the factor and product market.
C) has market power in the factor market.
D) has no market power in the factor or product market.
Question 2
If a monopolistically competitive firm breaks even, the firm is earning as much in this industry as it could in any other comparable industry.
Indicate whether the statement is true or false