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Graphl: Monopolistic Competition Gragh#2: Monopoly P . Cost :ice. Cost & R Revenue uestion#2: Gra h#2 (i) What type of Economic Profit/Loss Situation? (ii) What is the total amount of Profit/Loss? Question: Graghl (i) What type of Economic Profit/Loss Situation? (ii) What is the total amount of Profit/Loss? QuestionsB: (i) Operating in which market will give the gas station more profit? (ii) This is because Demand Curve for a firm under Monopolistic Competition is compared to Demand Curve for a firm under Monopoly. Circle the correct answer: MORE Elastic or LESS Elastic