Figure 16-4 -Refer to Figure 16-4.Panel (B) in the Set of Figures

Figure 16-4

-Refer to Figure 16-4.Panel (b) in the set of figures shown is consistent with a firm in a monopolistically competitive market that is in which of the following positions

A) It suffers a loss in the short-run equilibrium.
B) It earns economic profits in the short-run equilibrium.
C) It suffers a loss in the long-run equilibrium.
D) It earns economic profits in the long-run equilibrium.