Consider the diagram below depicting the revenue and cost conditions faced by a monopolistically competitive firm, and then answer the following questions. $40 $35 $30 MO ATC $25 Price and costs $20 $15 $10 $5 MR Demand 1 2 3 4 5 6 7 8 9 10 QuantityInstructions: Round your answers to 2 decimal places. 5 a. What is total revenue for this firm? b. What is total cost for this firm? c. What is this farm's economic profit? . This firm is most likely in [ click to select) |equilibrium because Instructions: In order to receive full credit, you must make a selection for each option, For correct answertip click the bos once for place a check mark. For inconect answers), click the option twice to empty the box. 7 demand enceech marginal tovenus; 7 = AIC 7 the fum is experiencing economic profits 7 PP MC