Use the following to answer question:
Figure: Monopolistic Competitor 
-(Figure: Monopolistic Competitor) Use Figure: Monopolistic Competitor.The firm shown in the figure may engage in advertising because:
Definitions:
Decision Alternatives
Possible actions or choices available to decision-makers in a decision-making process.
Opportunity Loss
The loss of potential gain from other alternatives when one alternative is chosen.
Decision Maker's Profit
Reflects the gains realized by a decision maker after considering all costs and revenues associated with their decision.
Expected Monetary Value(EMV)
A financial concept used in decision-making to calculate the average outcome of future events, taking into account the probabilities and impacts of various possible outcomes.
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