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Answer the question based on the demand and cost schedules for a monopolistically competitive firm given in the table below. Quantity Price Demanded $20 1

Answer the question based on the demand and cost schedules for a monopolistically competitive firm given in the table below. Quantity Price Demanded $20 1 18 2 16 3 14 4 12 5 10 6 O AWN Total Cost Output $10 1 20 2 29 3 36 4 40 5 42 6 Refer to the above table. What output quantity will the monopolistically competitive firm produce to maximize profits? 06 O 5 O 2 O 3

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