-The above figure shows a firm in monopolistic competition. At the profit maximizing level of output

Name: -The above figure shows a firm in monopolistic competition. At the profit maximizing level of output
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At the profit-maximizing level of output, the firm is making zero economic profit. This is because the firm is producing at the point where marginal cost equals marginal revenue, and at this point, the firm's total revenue equals its total cost.

-The Above Figure Shows a Firm in Monopolistic Competition