Question: 3.5- mc 25 5 D = ar Ic 15 Mr Which of the following is true of the monopolistically competitive profit maximizing firm in the

3.5- mc 25 5 D = ar Ic 15 Mr Which of the following is true of the monopolistically competitive profit maximizing firm in the figure above? O This firm's total revenue will be $200 O This firm's total costs will be $350 This firm will have economic profit of - $150 but continue to operate because its revenue is greater than its fixed costs. O This firm will shut down and have economic profit of - $100.. O None of the above are true

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