-The Above Figure Shows a Motel Engaged in Monopolistic Competition

Multiple Choice

-The above figure shows a motel engaged in monopolistic competition with other motels.the figure above shows the ________ equilibrium in which the motel is ________ .

A) short-run; making an economic profit
B) short-run; making zero economic profit
C) long-run; making an economic profit
D) long-run; making zero economic profit
E) short-run; incurring an economic loss