The graph depicts a monopolistically competitive firm. Refer to the above graph.This monopolistically competitive firm is:
A) making economic profit in the long run.
B) making economic profit in the short run
C) making a loss in the long run.
D) making a loss in the short run.

Question

The graph depicts a monopolistically competitive firm.  Refer to the above graph.This monopolistically competitive firm is:
A) making economic profit in the long run. 
B) making economic profit in the short run 
C) making a loss in the long run. 
D) making a loss in the short run.

Quizplus · Accepted Answer

The Answer of The graph depicts a monopolistically competitive firm.  Refer to the above graph.This monopolistically competitive firm is:
A) making economic profit in the long run. 
B) making economic profit in the short run 
C) making a loss in the long run. 
D) making a loss in the short run.

The Graph Depicts a Monopolistically Competitive Firm