Question: U224M4 Lab Competency Assessment i Saved Answer the question based on the demand and cost schedules for a monopolistically competitive firm given in the following

U224M4 Lab Competency Assessment i Saved Answer the question based on the demand and cost schedules for a monopolistically competitive firm given in the following table. 17 Quantity Price Demanded Total Cost Output $ 24 33.33 1 $ 10 1 points 20 2 20 2 16 3 29 3 12 4 36 4 8 5 40 5 4 6 42 6 What price will this monopolistically competitive firm charge to maximize profits? Multiple Choice O $12 $16 $8

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