Use the Following for Questions 22-31

Multiple Choice

Use the following for questions 22-31.
Exhibit: Profit Maximization in Monopolistic Competition

-(Exhibit: Profit Maximization in Monopolistic Competition) In the short run, a firm in monopolistic competition may experience economic profits as shown in Panel (a) as the distance:

A) PS.
B) PS times the quantity 0M.
C) PS times the quantity Q.
D) PT times the quantity Q.