Multiple Choice
Use the following to answer questions:
Figure: Profit Maximization in Monopolistic Competition
-(Figure: Profit Maximization in Monopolistic Competition) In the short run, a firm in monopolistic competition may earn economic profits. The profits in the figure Profit Maximization in Monopolistic Competition, panel (A) , are:
A) PS.
B) PS × M.
C) PS × Q.
D) PT × Q.
Correct Answer:

Verified
Correct Answer:
Verified
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