Monopolistic Competition Project 25 50 75 100 125 150 175 200 225 250 Output Figure 1 represents a monopolistically competitive firm. Use the graph to answer the following questions:Approximately what price will this firm charge, based on the marnginal decision rule? Approximately what output will this firm produce, based on the marginal decision rule? |5 this firm in the short-run or the long-run? Explain why you think so. Approximately, how much economic profit is this firm making? Please show your work