Q: Answer the following regarding Monopolistic Competition $3,000 P, Costs $2,500 ($/unit) $2,000 MC $1,500 C ATC $1,000 E D (=P) H Da (=Pz) MR 5- 1 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100 105 110 Quantity (Q) (1,000 of units) Profit maximizing price (P) in the long run $1,000 Profit maximizing price (P) in the short run Choose... * Average total cost per unit (ATC) in the long run Choose... + Average total cost per unit (ATC) in the short run Choose... +Q: Answer the following regarding Monopolistic Competition $3,000 P, Costs $2,500 ($/unit) $2,000 Choose.. $1,500 $1,000 $1,200 ATC $1,000 $800 D (=P) $900 Da (=Pa) $1,300 MR 5- 1 5 10 15 20 25 30 35 40 45 50 80 85 90 95 100 105 110 $600 Quantity (Q) ,000 of units) $500 Profit maximizing price (P) in the long run $1,000 Profit maximizing price (P) in the short run Choose... * Average total cost per unit (ATC) in the long run Choose... * Average total cost per unit (ATC) in the short run Choose... *