Question: Consider the graph below. Suppose qMC = 5 0 0 , pMC = $ 2 0 , and ATC = $ 2 0 at 5

Consider the graph below. Suppose qMC =500, pMC = $20, and ATC = $20 at 500 units. Is the profit-maximizing firm in monopolistic competition making a profit or loss, and by how much?a.)$10,000 profitb.)$1,000 profitc.)Zero economic profit, or normal profitd.)$5,000 profit

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