PROFIT CURVE, MONOPOLISTIC COMPETITION: A profit-maximizing monopolistically competitive firm produces output where economic profit is the greatest. A profit curve graphically represents the relation between economic profit earned by a monopolistically competitive firm and the quantity of output sold. The profit curve can be derived directly from a table of profit and output quantity numbers. However, it is frequently obtained from a graph of the total revenue and total cost curves. The nice thing about a profit curve is that it clearly illustrates the quantity of output which maximizes a firm's economic profit.

     See also | profit | profit curve | monopolistic competition | short-run production | firm | quantity | total revenue | total cost | profit maximization | production | marginal revenue | marginal cost |

PROFIT CURVE, MONOPOLISTIC COMPETITION, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2026. [Accessed: September 6, 2026].

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Full employment is the condition that exists when all available resources are engaged in the production of goods and services. In other words, all resources that could be used for production are being used. This is indicated in production possibilities analysis by producing a combination of goods that places the economy on the production possibilities curve.

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