assume that the short-run cost and demand data given in the tables below confront a monopolistic competitor selling a given product and engaged in a given amount of product promotion.

X COR Remaining Time: 1 hour, 59 minutes. 53 seconds. Question Completion Status: Moving to another question will save this response. Question 1 of 14 , westion 1 3 points Assume that the short-run cost and demand data given in the table below confronts a monopolistic competitor selling a given product and engaged in a given amount of product promotion Quantity Price TR MR MC ATC (S) (dollars) (dollars) (dollars) (dollars) 0 $60 A W N - 5 385 a- What are profit-maximizing output and price? b. How much is the economic profit? Explain your