11 5 points currenti (Figure 1: Monopolistic Competition) The figure above represents the market for a monopolistically competitive firm. Add a C MC AC Med 1 $90 Save $80 2 3 $35 4 $10 MR 5 Demand 60 90 210 Q 6 7 short-run. Use the figure above to answer the following questions. Denote any negative amounts with a negative sign and assume that the firm operates in the (a) What quantity will the monopolistically competitive firm sell? What price will they charge? (b) What will be the firm's profit? 8 (c) Should this firm continue to operate? Why or why not