Graph 17-1 -Refer to Graph 17-1.If a Firm in a Monopolistically Competitive

question 92

Multiple Choice

Graph 17-1
-Refer to Graph 17-1.If a firm in a monopolistically competitive market was producing the level of output depicted as Qd in panel d, it would:

• A)be minimising its losses
• B)be losing market share to other firms in the market
• C)be operating at excess capacity
• D)not be maximising its profit