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A monopolistic competitor has the following information on cost and demand. Quantity Price ($) Total Marginal Total Cost Marginal Average Revenue ($) Revenue ($) ($)
A monopolistic competitor has the following information on cost and demand. Quantity Price ($) Total Marginal Total Cost Marginal Average Revenue ($) Revenue ($) ($) Cost ($) Cost(S) 0 25 0 25 30 2 24 48 23 35 2.5 17.5 4 23 92 21 45 5 11.25 22 132 19 60 7.5 10 21 168 17 77 8.5 9.63 10 20 200 15 100 11.5 10 12 19 228 13 126 13 10.5 14 18 252 11 165 19.5 11.79 16 17 272 9 210 22.5 13.13 18 16 288 260 25 14.44 20 15 300 5 320 30 16What will the firm's profits equal in the long run? O a) $91 O b) $228 c) $102 ( d) 50
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