n the graph below, which shows a monopolistically competitive firm, determine the profit or loss that the monopolistically competitive firm would earn. Using the area tool, draw the area of the profit or loss for the monopolistically competitive firm.

To refer to the graphing tutorial for this question type, please click here.

Part $2(1\mathrm{.}6$ points$)$

Now that you have drawn the area to show whether this firm is making a profit or loss, answer the following questions.

Based on the figure, how much would this firm make as a profit or loss?

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as

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Instead, if this firm was part of a perfectly competitive market, how much would this firm make as a profit or loss?

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as

$.$n the graph below, which shows a monopolistically competitive firm, determine the profit or loss that the monopolistically competitive firm would earn. Using the area tool, draw the area of the profit or loss for the monopolistically competitive firm.

To refer to the graphing tutorial for this question type, please click here.

Part $2(1\mathrm{.}6$ points$)$

Now that you have drawn the area to show whether this firm is making a profit or loss, answer the following questions.

Based on the figure, how much would this firm make as a profit or loss?

$

as

$.$

Instead, if this firm was part of a perfectly competitive market, how much would this firm make as a profit or loss?

$

as

$.$