Given the following information for a monopolistic competitor:

Demand: P =68 - 9(Q)

Marginal revenue: MR =68 - 18(Q)

Marginal cost: MC = 2(Q) + 4

Average total cost at equilibrium is 30

1.At what output (Q) will this firm maximize profit?

2. At what price (P) will this firm maximize profit?

3. What is the total revenue (TR) earned at this output level?

4. What is the total cost (TC) accrued at this output?

5. What profit or lossis experienced by this firm?

6.Couldthis firm be in a longrun situation? yes or no?