2 Sunny Double is a juice firm that is operating in a monopolistically competitive market. Under this means, it is currently earning positive economic profits. Based on this information answer the following questions completely:

a. Draw a completely labeled graph of Sunny Double. [Make sure to label the profit-maximizing quantity (Qm) and the profit-maximizing price (Pm)]. Also label everything that is necessary.

b. Then follow to shade the area of deadweight loss.