Consider the diagram below depicting the revenue and cost conditions faced by a monopolistically competitive firm, and then answer the following questions.

\fInstructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. a P > MC. 9 the rm is experiencing normal prots. a demand exceeds marginal revenue. 9 the rm is experiencing economic profits. 9 P = ATC. MR=MC