Figure 17-1 -Refer to Figure 17-1.If a Firm in a Monopolistically Competitive

Multiple Choice

Figure 17-1

-Refer to Figure 17-1.If a firm in a monopolistically competitive market was producing the level of output depicted as Qd in panel (d) ,it would

A) not be maximizing its profit.
B) be minimizing its losses.
C) be losing market share to other firms in the market.
D) be operating at excess capacity.