Question: 24. Using the graph, answer the following questions. (6 points) MC 20 a. the short-run profit maximizing price for the ATC Price, 15 costs, monopolistic

24. Using the graph, answer the following questions. (6 points) MC 20 a. the short-run profit maximizing price for the ATC Price, 15 costs, monopolistic competitive firm is: and revenue (dollars) 10 b. the short-run profit maximizing quantity for this firm D 5 is: MR 0 200 400 600 800 1,000 c. the short-run profit for the monopolistic competitive firm is: (show calculations Quantity of output (units per day)

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