Question: The graph below summarizes the demand and costs for a rm that operates in a monopolistically competitive market. Instructions: Use the nearest whole numbers on

The graph below summarizes the demand and costs for a rm

that operates in a monopolistically competitive market. Instructions: Use the nearest whole

The graph below summarizes the demand and costs for a rm that operates in a monopolistically competitive market. Instructions: Use the nearest whole numbers on The graph when calculating numerical responses below. MC 139 ion iTC 140 120 'I 024lE1012'14'15'152D22242 Quantity a. What is the rm's optimal output? E m b. What is the firm rs optimal price? iii c. What are the rm's maximum prots? its

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