Figure: Profit Maximization in Monopolistic Competition (Figure: Profit Maximization in Monopolistic Competition) In the short run, a firm in monopolistic competition may experience economic profits.The profits in the figure Profit Maximization in Monopolistic Competition, panel A, are:
A)PS.
B)PS × M.
C)PS × Q.
D)PT × Q.

Question

Figure: Profit Maximization in Monopolistic Competition  (Figure: Profit Maximization in Monopolistic Competition) In the short run, a firm in monopolistic competition may experience economic profits.The profits in the figure Profit Maximization in Monopolistic Competition, panel A, are:
A)PS. 
B)PS × M. 
C)PS × Q. 
D)PT × Q.

Quizplus · Accepted Answer

The Answer of Figure: Profit Maximization in Monopolistic Competition  (Figure: Profit Maximization in Monopolistic Competition) In the short run, a firm in monopolistic competition may experience economic profits.The profits in the figure Profit Maximization in Monopolistic Competition, panel A, are:
A)PS. 
B)PS × M. 
C)PS × Q. 
D)PT × Q.