The graph below is for Chic and Sharpe Ltd., a firm in the women's garment industry, which is monopolistically competitive. B) What is the
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The graph below is for Chic and Sharpe Ltd., a firm in the women's garment industry, which is monopolistically competitive.

Graph_3.JPG

B) What is the profit-maximizing output and price?

Output:______ Units

Price: $________


C) At the output in (B). what are the amount of

Total cost: $_____ ; Total Revenue: $_______

Economic profit: $ ______


D) How much excess capacity exists?

______ Units?




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