Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. 
Figure 15.1
-Refer to Figure 15.1. If Dom's Barber Shop is maximizing profit, it is earning a profit of
Definitions:
Accounts Receivable
Outstanding payments from customers to a firm for goods or services that have already been received or utilized but have not yet been settled.
Income Taxes Payable
A liability on a company's balance sheet representing the amount of taxes owed to governmental authorities that have not yet been paid.
Net Income
The total profit of a company after subtracting all expenses, including taxes, from its total revenues.
IFRS Categories
Classifications under the International Financial Reporting Standards that dictate the presentation and disclosure of financial information in the financial statements.
Q18: Due to the network externalities in the
Q29: Social goods are nonrival in consumption.
Q68: You cause a fire insurance company to
Q71: In monopolistic competition, firms can have some
Q99: Monopolistically competitive firms engage in both price
Q131: The case for advertising includes the fact
Q173: Refer to Figure 16.4. Suppose the government
Q182: An example of _ is a power
Q193: Advertising provides consumers with product information and
Q222: Perfect competition differs from monopolistic competition primarily