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Suppose the market for bubble tea on Somerset Street in Ottawa is monopolistically competitive. Bubblicity is a bubble tea producer in this market. It has developed a niche recipe by using organic blue agave. Suppose that the marginal cost of producing one cup of this special bubble tea is $0.40 and there is no xed cost The demand for Bubblicity's special bubble tea is provided in the table below. Price Quantity demanded $2.00 $1.60 $1.20 $0.80 $0.40 $0.00 10 a. How many cups of bubble tea should Bubblicity produce in the short run to main'mize prots? What price should Bubblicity charge? b. Calculate Bubblicity's economic prots in the short run. c. Further up Somerset Street, My Sweet Tea also has a special recipe to make bubble tea using seaweed extract. Suppose My Sweet Tea's cost of making a cup of bubble tea is the same as Bubblicity's. Should My Sweet Tea enter the market? d. If My Sweet Tea enters the market, the demand for Bubblicity's bubble tea will decrease by 2 at each price. Find Bubblicity's new protman'mizing quantity, price, and prots. max-FI-NO