Refer to the Following Graph to Answer the Following Questions

question 7

Multiple Choice

Refer to the following graph to answer the following questions:

-The maximum short-run economic profit earned by this monopolistic competitive firm is

• A) $20.
• B) $66.
• C) $272.
• D) none; this firm must shut down or lose all of its fixed cost.
• E) inconclusive; the maximum short-run profit can't be determined from the information given.

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