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Refer to the Information Provided in Figure 15

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Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. Refer to the information provided in Figure 15.5 below to answer the question(s)  that follow.   Figure 15.5 -Refer to Figure 15.5. Assume The Custom Sweater Shop has fixed costs of $500 and is a monopolistically competitive firm. If the firm produces the profit-maximizing level of output and sells it at the profit-maximizing price, the firm ________ of $400. A)  suffers a loss B)  earns a profit C)  has total revenue D)  has total cost Figure 15.5
-Refer to Figure 15.5. Assume The Custom Sweater Shop has fixed costs of $500 and is a monopolistically competitive firm. If the firm produces the profit-maximizing level of output and sells it at the profit-maximizing price, the firm ________ of $400.


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