Monopolistic competition Costs and revenue MC per case 22 ATC 14 13 Domund MR 22 24 30 38 Quantity (cases) Question 1 Listen Refer to the above figure. What is the firm's profit-maximizing price? Just enter the number. Question 2 Listen Refer to the above figure. Based on the diagram, one can conclude that new firms will enter the market. the industry is in long-run equilibrium. ONone of the above some existing firms will exit the market. Question 3 Listen Refer to the above figure. At what quyput is cost per unit (ATC) minimized? Just enter the number. Question 4 Listen Refer to the above figure. What is the profit-maximizing output level? Question Listen Refer to the above diagram where the numerical data show profits in millions of dollars. Firm B's profits are shown in the northeast corner and Firm A's profits in the southwest corner of each cell. What is Firm B's dominant strategy? Raise Price Lower Price Callusion () Lower price and then raise price