Use the following to answer question: 
-(Figure: The Blu-ray Disc Rental Market) Use Figure: The Blu-ray Disc Rental Market.At a rental price of $6,there will be:
Definitions:
Monopolistically Competitive
A market structure where many companies sell products that are similar but not identical, allowing for competition based on product differentiation.
Losses
Negative financial results that occur when a company's expenses exceed its revenues.
Monopolistically Competitive Industry
A market structure where many companies sell products that are similar but not identical, leading to competitive pricing and product differentiation.
Long-Run Equilibrium
A state in which all factors of production and costs are variable, and firms make neither excess profit nor losses in a perfectly competitive market.
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