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I need answer for number 3 question please, 3. You are the manager of a monopolistically competitive firm. The present demand curve you face is

I need answer for number 3 question please,image text in transcribed

3. You are the manager of a monopolistically competitive firm. The present demand curve you face is P = 100 - 4Q. Your cost function is C(Q) = 50 + 8.5Q2. a. What level of output should you choose to maximize profits? b. What price should you charge? c. What will happen in your market in the long run? Explain. D 7.518 MAR 3 18 3D

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