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Figure 17-2 This figure depicts a situation in a monopolistically competitive market. 100 90 ATC 80 70 PRICE Demand 10 10 20 30 40 50

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Figure 17-2 This figure depicts a situation in a monopolistically competitive market. 100 90 ATC 80 70 PRICE Demand 10 10 20 30 40 50 60 70 80 90 100 QUANTITY Refer to Figure 17-2. How much consumer surplus will be derived from the purchase of this product at the monopolistically competitive price? O a. $312.50 O b. $400 O c. $800 O d. $200

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