D Question 16 3.94 pts $100 $90 $80 Price, cost, revenue $7 $60 $50 0 7000 14000 21000 12000 Dresses per year Refer to the graph shown. The firm in this monopolistically competitive industry will: O earn economic profits of $140,000 per year. O incur economic losses of $140,000 per year. incur economic losses of $70,000 per year. O earn economic profits of $70,000 per year