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the curve kinda hidden is ATC Given the graph of a firm under monopolistic competition: a. (1.25 pt) Is this firm making a profit, taking

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the curve kinda hidden is ATC

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Given the graph of a firm under monopolistic competition: a. (1.25 pt) Is this firm making a profit, taking a loss, or making zero profit? Please explain how you know. b. (1.25 pt) With your answer to question part "a" in mind, would you expect the demand and marginal revenue curves on this graph to shift right, stay where they are, or shift left. Please explain why. MC + MRi D e

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