Question: Use the graph below to answer questions 20-22 for this monopolistically-competitive firm. If the owner of this video store wants to maximize profits or minimize

Use the graph below to answer questions 20-22 for this monopolistically-competitive firm. If the owner of this video store wants to maximize profits or minimize losses, how many DVDs should she rent per day, and what rental price should she charge? Price $5.50 $5.00 $4.50 $3.00 $2.00 $1.75 O 165 DVDs at $5.00 55 DVDs at $5.50 O 55 DVDs at $1.75 55 DVDs at $4.50 110 DVDs at $3.00 MC ATC AVC MR Demand 55 110 165 Quantity

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