Question 7 A taco stand in a monopolistically competitive market faces a demand curve for tacos given by P - 12 - 0.5Q (and so a marginal revenue of MR - 12 its fixed costs be? @ $50 o $20 o o $70 $2 o Moving to another question will save this response. Q). The variable costs of producing a taco are VC 10 points Saved 2Q and so the marginal costs are constant at $2. If the taco stand is in a long run equilibrium, what must Question 7 of 10