On a piece of paper, draw a clearly labeled graph for a monopolistically competitive firm, where the firm is experiencing economic profits.On the same graph, demonstrate how an increase in advertising would affectthe firm's ATC curve and their economic profit.

Use the following graph of the demand for sugarto answer the question below.

Price (per pound) to u a:- '01 d O 2 4 6 8101214161820 Quantity Demanded (thousands of pounds per week) \f