A Question 37 (1 point) Retake question Listen In the long run, new firms will enter a monopolistic competitive industry until minimum average total cost is achieved. all firms are incurring losses. economic profits in the industry are zero. a and b A Question 41 (1 point) Retake question Listen Quantity Which of the following points represents the profit-maximizing quantity and price of a monopolistic competitor? OA OB OC OD OE A Question 46 (1 point) Retake question Listen Jantity What level of output is productively efficient? Q1 O Q2 It is not labeled on the diagram. It is not determinable without more information. A Question 48 (1 point) Retake