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 $ 20 1 $ 10 1 18 N 20 W N 16 3 29 14 4 36 4 12 5 40 10 6 42 What output quantity will the monopolistically competitive firm produce to maximize profits? Multiple Choice O 2 O 3 O 5 O 6

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