The diagram below shows selected cost and revenue curves for a firm in a monopolistically competitive industry. 
FIGURE 11-1
-Refer to Figure 11-1.If this firm is maximizing its profits,does the diagram depict a long-run equilibrium situation?
Definitions:
Annuity
A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.
Interest
The charge for borrowing money or the return on investment for lending money, typically expressed as a annual percentage rate.
Investments
Funds committed into ventures with the expectation of earning a return or profit.
Withdraw
To withdraw means to take out funds from an account, remove participation in an activity, or retract from a position or commitment.
Q2: The presence of significant scale economies in
Q10: In many cases throughout Canadian history,governments have
Q14: Refer to Table 13-3.The marginal product of
Q16: Refer to Table 10-1,which displays the demand
Q32: Refer to Figure 11-4.How is the excess-capacity
Q56: Consider a firm in the long run
Q88: Profit-maximizing firms increase production up to the
Q103: Refer to Figure 8-2.In the long run,the
Q114: A characteristic common to most imperfectly competitive
Q119: Consider a firm's demand curve for labour.If