(i) Use the graph below to explain the output, profit and loss conditions for monopolistically competitive firms. Show your work where appropriate in reference to the Graph. Firm Lan T-shirt monopolistic competitive firm

A Monopolistic competitive market has some features of perfect competitive markets and some of monopoly markets.  Given the statements below identify the one that is most likely to be seen in a monopolistic competitive market structure.    A. Collusion and price fixing between firms   B. Government anti trust oversight   C. standardized, homogeneous products   D. non Price competition such as advertising

please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

Which of these markets is most likely to be identified as monopolistic competition?   Group of answer choices a. shoes b. corn c. gasoline d. shoes, corn and gasoline are all like monopolistic competition