Use the following to answer questions:
Figure: Profits in Monopolistic Competition 
-(Figure: Profits in Monopolistic Competition) In panel (B) of the figure Profits in Monopolistic Competition, the profit-maximizing quantity of output is determined by the intersection at point:
Definitions:
Corn Increases
A rise in the production or supply of corn, often due to factors like improved agricultural techniques or increased demand.
Supply Curve
A diagram that displays the correlation between an item's price and the volume of its supply.
Equilibrium Price
The price at which the quantity of goods supplied equals the quantity of goods demanded in the market.
Equilibrium Quantity
The volume of goods or services that are both provided and required at the market equilibrium price.
Q7: Monopolistically competitive firms have zero economic profits
Q27: An industry with easy entry and exit
Q62: A low voter turnout can be explained
Q72: Tacit collusion is difficult to achieve in
Q107: (Figure: Marginal Social Cost and Supply) Look
Q157: Tacit collusion is most likely to occur
Q198: (Figure: Firms in Monopolistic Competition) In panel
Q244: Cartels made up of a large number
Q250: The airline industry often engages in price
Q287: Until recently most advanced countries except the