Question: llease solve Question 5 (3 points) A monopolistic competitor has the following information about cost and demand. Quantity Price ($) Total Marginal Total Marginal Average

llease solve

Question 5 (3 points) A monopolistic competitor has the following information about cost and demand. Quantity Price ($) Total Marginal Total Marginal Average Revenue Revenue Cost Cost ($) Cost($) ($ (S ($) 0 15 0 15 175 5 14 70 13 180 1 36 10 13 130 11 190 2 19 15 12 180 9 207 3.4 13.8 20 11 220 225 3.6 11.25 25 10 250 250 5 10 30 9 270 3 290 8 9.67 35 8 280 1 335 9 9.57 40 7 280 -1 385 10 9.63 45 6 270 -3 465 16 10.33 50 5 250 -5 565 20 11.3 What will the firm's profits equal in the short run? O a) -$55 O b) so O c) $250 O d) $280

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