Use the Following to Answer Question

question 74

Multiple Choice

Use the following to answer question:
Figure: Monopolistic Competition
-(Figure: Monopolistic Competition) The firm in the figure Monopolistic Competition is producing at the output level that maximizes profits (minimizes losses) . The shaded rectangle depicts the level of:

• A) profit.
• B) loss.
• C) fixed cost.
• D) variable cost.

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