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4. In Monopolistic Competition, a rightward shift in Market Demand will result in a a. Upward shift in the firm's Supply Curve b. Downward shift in the firm's Supply Curve Select Answer c. Upward shift in the firm's Demand Curve d. Downward shift in the firm's Demand Curve 5. The firm's supply curve is a. Derived from the Market Supply Curve b. Derived from the Market Demand Curve Select Answer c. The upward sloped portion of the MC Curve d. The downward sloped portion of the ATC Curve 6. A firm in a Monopolistically Competitive market will have their quantity a. Where MR=MC b. Where MR is maximized Select Answer c. Slightly lower than the competition d. At the market price 7. Firms entering an industry will shift a. The market supply curve to the left b. The market supply curve to the right Select Answer c. The firm supply curve to the left d. The firm supply curve to the right 8. Which of the following is present in industries in Monopolistic Competition? a. Market efficiency b. Long-run Competitive Equilibrium Select Answer c. Allocationficiency d. Economic EfficiencyL 9. In the curve above, the rm is in a situation of 3. Economic loss, but not shutdown b. Break Even Select Answer c. Economic prot (1. Shutdown Use the curve Below for question 10 9% Use the curve Below for question 10 %% 10. In the curve above, the rm is in a situation of Economic loss, but not shutdown Break Even Select Answer Economic prot Shutdown 999'.\