-Kevin owns a personal training gymnasium in Orlando.The above figure shows the demand and cost curves for his firm,which competes in a monopolistically competitive market.If Kevin trains 5 clients per day,he will ________ his profit and will ________.
A) maximize;earn normal profit
B) not maximize;earn a normal profit anyway
C) maximize;earn an economic profit
D) not maximize;earn an economic profit anyway
E) not maximize;incur an economic loss
Correct Answer:
Verified
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