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The diagram shows a representative firm in monopolistic competition: answe rthis question The diagram shows a representative firm in monopolistic competition: (2) (3) (4) !

The diagram shows a representative firm in monopolistic competition: answe rthis question

The diagram shows a representative firm in monopolistic competition: (2) (3) (4) ! Q1 Q2 Q3 Output Excess capacity for this firm would be illustrated by... O Q3 - Q2 O Q3 - Q1. O Q 2 - Q1 O Q2 + Q3 O Q1 + Q3

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