Question: Consider the graph below. Suppose qMC = 250, pMC = $10, and ATC =$13 at 250 units. Is the profit-maximizing firm in monopolistic competition making

Consider the graph below. Suppose qMC = 250, pMC = $10,

Consider the graph below. Suppose qMC = 250, pMC = $10, and ATC =$13 at 250 units. Is the profit-maximizing firm in monopolistic competition making a profit or loss, and by how much? Price MC ATC ATC X Firm Demand = AR MR = MC 0 Quantity Output MR Firm

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