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Figure: Profit Maximization in Monopolistic Competition
-(Figure: Profit Maximization in Monopolistic Competition)Use Figure: Profit Maximization in Monopolistic Competition.In the short run,a firm in monopolistic competition may earn economic profits.The profits in panel (a)of the figure are:

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Figure: Profit Maximization in Monopolistic Competition 
-(Figure: Profit Maximization in Monopolistic Competition)Use Figure: Profit Maximization in Monopolistic Competition.In the short run,a firm in monopolistic competition may earn economic profits.The profits in panel (a)of the figure are:

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In monopolistic competition, economic profits are calculated as the difference between price (P) and average total cost (S) multiplied by the quantity (Q) sold, which is represented by (P - S) × Q.

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