Use the following to answer questions :
Figure: Profits in Monopolistic Competition 
-(Figure: Profits in Monopolistic Competition) Use Figure: Profits in Monopolistic Competition.In panel (a) of the figure,the profit-maximizing quantity of output is determined by the intersection at point:
Definitions:
Legal Entity
An entity recognized by law as separate from its owners, possessing legal rights to enter contracts, sue, and be sued.
Tax Information
Relevant data and documents related to tax laws, filing requirements, rates, and deductions applicable to individuals or businesses.
IRS
The Internal Revenue Service, a U.S. government agency responsible for the collection of taxes and enforcement of tax laws.
C Corporation
A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.
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Q212: (Figure: Profit Maximization in Monopolistic Competition)Use Figure: