Fawn's Florist Company, a monopolistic competitor in the market for floral arrangements, is currently selling its product at the profit-maximizing level, (Q,P), where Q=40 and P=$16. Using the graph below, if average cost is $14.50, calculate total profit for Fawn's Florist Company. Monopolistic competitive firm's marginal cost, marginal revenue, demand, and average cost curves with dollars on the Y axis and quantity on the X axis