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Output Total Cost (Units) (Dollars) 10 800 20 875 30 1,025 40 1,250 50 1,550 60 1,925 70 2,375 Refer to Table 16-2. Suppose the

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Output Total Cost (Units) (Dollars) 10 800 20 875 30 1,025 40 1,250 50 1,550 60 1,925 70 2,375 Refer to Table 16-2. Suppose the monopolistically competitive firm faces the following demand curve: Quantity Price (Units) (Dollars per unit) 10 50 20 42 30 34 40 26 50 18 60 10 70 2 To maximize profit (or minimize losses), the firm will produce Oa. 20 units. Ob. 30 units. Oc. 40 units. Od. 50 units

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