What is the trademinus−off that consumers face when buying the product of a monopolistically competitive firm?

a. consumers pay higher prices but the products are produced by highly efficient firms.

b. consumers pay a price greater than marginal cost, but have the luxury of choices more suited to their tastes.

c. consumers pay higher prices but receive better quality goods compared to the output of perfectly competitive firms.

d. consumers pay lower prices but have fewer choices.

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)