Use the Following to Answer Questions

question 175

Multiple Choice

Use the following to answer questions :
Figure: Profits in Monopolistic Competition
-(Figure: Profits in Monopolistic Competition) Use Figure: Profits in Monopolistic Competition.A negative economic profit (or economic loss) is earned if the profit-maximizing price is _____ in panel _____.

• A) E; (b)
• B) B; (a)
• C) N; (c)
• D) O; (c)