Refer to the graph below showing a monopolistically competitive firm in the market for dresses. $80 $70 M C $60 ATC Price $50 $40 $30 $20 MR D 60 10 0 175 Dressesperyearin thousands 8. Refer to the graph above. If the monopolistic competitor in the dresses market maximizes profit it will produce thousands of dresses, charge per dress, earn in total profit/loss, expect in the long-run, and economic profit. The firm's demand curve shifts to the and will become more a) 60; $50; $60,000 loss; exit; normal; right; less elastic. b) 60; $60; zero profit; entry; positive; left; elastic. c) 175; $45; $175,000 loss; exit; normal; right; less elastic d) 100; $50; 500,000 profit; entry; zero; left; elastic