Draw a diagram illustrating the case of a firm in monopolistic competition making a profit. Label the demand curve D, the marginal revenue curve MR, the marginal cost curve MC, and the average total...

Draw a diagram illustrating the case of a firm in monopolistic competition making a profit. Label the demand curve D, the marginal revenue curve MR,

the marginal cost curve MC, and the average total cost curve ATC. Show the quantity the firm will choose to produce and the price it will charge and mark that Q1and P1 respectively.