The figure below shows the revenue and cost curves of a monopolistically competitive firm. Figure 25.2 
In the figure,
D: Demand curve
MR: Marginal revenue curve
ATC1 and ATC2: Average total cost curves
MC: Marginal cost curve
In Figure 25.2, if the market is monopolistically competitive, which quantity represents long-run equilibrium for the firm?
Definitions:
Speculative Demand
Demand for a good or service based not on its inherent value or utility, but on expectations of future price changes or market conditions.
Abrupt Drop
A sudden and steep decline in the value or level of something, such as the stock market or an individual stock.
Marketable Securities
Highly liquid short-term debt investments held by companies instead of cash. Marketable securities provide nearly the liquidity of cash but earn a modest return.
Liquid Investments
Liquid investments are assets that can be quickly and easily converted into cash without significant loss of value.
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