Arrange the following steps in the correct order to evaluate a firm's economic profit in monopolistic competition: A) Determine the market price from the demand curve, B) Compare the market price to the average total cost, C) Assess the level of economic profit as positive, negative, or zero, D) Identify the quantity produced at the intersection of marginal cost and marginal revenue.

To evaluate a firm's economic profit in monopolistic competition, you first identify the quantity produced where marginal cost equals marginal revenue. This step shows how much the firm will produce based on its costs and revenue. Next, you determine the market price from the demand curve, which tells you how much consumers are willing to pay for that quantity. After finding the market price, you compare it to the average total cost to see if the firm is making a profit or a loss. Finally, you assess the level of economic profit as positive, negative, or zero, which helps you understand the firm's financial health.