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13. Chopin m2pe09r. Section .16. Problem 026 (ID: 026.16MANK09) A monopolistically competitive mm is currently producing 20 units of output. At this level of output

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13. Chopin m2pe09r. Section .16. Problem 026 (ID: 026.16MANK09) A monopolistically competitive mm is currently producing 20 units of output. At this level of output the rm is charging the highest price it can at $20, has marginal revenue equal to $12, has marginal cost equai to $12, and has average totai cost equal to $18. From this information we can infer that 0a. the firm is currently maximizing its profit. Oh. the firm ls earning zero profit. QC. the profits of the firm are negative. 0d. rms are likely to leave this market in the long run

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