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A monopolistic competitor has the following information about cost and demand. Quantity Price ($) Total Revenue ($) Marginal Revenue ($) Total Cost ($) Marginal Cost

A monopolistic competitor has the following information about cost and demand.

Quantity

Price ($)

Total Revenue ($)

Marginal Revenue ($)

Total Cost ($)

Marginal Cost ($)

Average Cost($)

0

15

0

15

175

5

14

70

13

180

1

36

10

13

130

11

190

2

19

15

12

180

9

207

3.4

13.8

20

11

220

7

225

3.6

11.25

25

10

250

5

250

5

10

30

9

270

3

290

8

9.67

35

8

280

1

335

9

9.57

40

7

280

-1

385

10

9.63

45

6

270

-3

465

16

10.33

50

5

250

-5

565

20

11.3

What will this firm's profits equal in the long run?

A.

$250

B.

-$55

C.

$280

D.

$0

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