Question: Answer the question based on the demand and cost schedules for a monopolistically competitive firm given in the table below. Quantity Price Demanded Total Cost

Answer the question based on the demand and cost schedules for a monopolistically competitive firm given in the table below. Quantity Price Demanded Total Cost Output $ 18 1 $ 10 1 16 2 20 2 14 3 29 12 4 36 4 10 5 40 8 6 42 6 What output quantity will the monopolistically competitive firm produce to maximize profits? Multiple Choice 6 O 4 O 3 O

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