Use the Following to Answer Question

question 110

Multiple Choice

Use the following to answer question:
Figure: Profit Maximization for a Firm in Monopolistic Competition
-(Figure: Profit Maximization for a Firm in Monopolistic Competition) Use Figure: Profit Maximization for a Firm in Monopolistic Competition.Suppose that an innovation reduces a firm's costs from ATC to ATC'.Before the innovation reduced the cost,the firm's economic profit at the profit-maximizing quantity was:

• A)$0.
• B)$30.
• C)$750.
• D)$4,500.

---

Definitions:

Tempted

The feeling or being inclined to do or want something, especially something that may be considered unwise.

Ethics Competency

The ability to recognize ethical issues, make decisions based on ethical principles, and behave in a morally upright manner.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, inspiring individuals to act in a certain way.

Performance

The manner in which an individual or group executes a task or activity.