Refer to the Accompanying Graph

question 56

Multiple Choice

Refer to the accompanying graph. The maximum long-run economic profit earned by this monopolistically competitive firm is:

• A)0 (zero).
• B) represented by the rectangle abcd.
• C)represented by the rectangle enclosed by the points 50, 0, c, and d.
• D) represented by the area below the demand curve and above marginal cost.
• E) greater than 0 but can't be shown in the diagram because it is an indefinable area.