Use the Following to Answer Questions

question 127

Multiple Choice

Use the following to answer questions:
Figure: Profits in Monopolistic Competition
-(Figure: Profits in Monopolistic Competition) Look at the figure Profits in Monopolistic Competition. A long-run equilibrium is illustrated at the profit-maximizing price _____ in panel _____.

• A) A; (A)
• B) E; (B)
• C) B; (D) N; (