Reffonomics Video -- Monopolistic Competition (Profit, Breakeven, Loss)

After watching the video, scroll down to take the three multiple choice questions.







1. The graphs above represent what order for a monopolistically competitive firm?

A) profit, breakeven, loss
B) breakeven, profit, loss
C) loss, breakeven, profit
D) breakeven, loss, profit
E) loss, profit, breakeven






2. This firm is earning a ______ of ______.

A) profit of $240.
B) loss of $240.
C) loss of $30.
D) profit of $30.
E) loss of $120.






3. This firm is earning a ______ of ______.

A) profit of $210
B) loss of $150
C) loss of $90
D) profit of $60
E) profit of $90




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