a-firm-in-monopolistic-competition-sells-100-units-at-a-price-of-10-each-the-ave

Question

A firm in monopolistic competition sells 100 units at a price of $$10 each. The average total cost is 7 $$per unit. What is the total profit?

Accepted Answer

$300

Answer

$700

Answer

$500

Answer

$1000

A firm in monopolistic competition sells 100 units at a price of \$10 each. The average total cost is \$7 per unit. What is the total profit?