Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4
-Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $75 and is a monopolistically competitive firm. If this firm is attempting to maximize profits, the firm's profit is
Definitions:
Addicted Smokers
Individuals who have a dependency on nicotine, making it difficult for them to quit smoking despite the known health risks.
Cigarettes
Rolled paper tubes filled with tobacco that are intended for smoking.
Cross-Price Elasticity
A measure of how the quantity demanded of one product changes in response to a change in the price of another product.
Percentage Change
A mathematical calculation that shows how much a quantity has increased or decreased as a proportion of its former value.
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Q365: Refer to Figure 13.1. The demand curve