Figure 16-7 -Refer to Figure 16-7. If a Firm in a Monopolistically

Multiple Choice

Figure 16-7
-Refer to Figure 16-7. 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.