Question 26 (1 point) Listen MC AJC Price and costs jdollars per uni 49 80 100 120 Quantity junits per day) In the above figure, if the firm is in monopolistic competition, its price will be O $4. O $3. O $1. O $2. Question 27 (1 point) Listen MC AJC Price and cos's jdollars per unit 80 100 120 Quantity junits per day) In the above figure, the monopolistically competitive firm makes an economic profit of O $0. O between $0 and $50 per day. between $50.01 and $100 per day. O greater than $100.01 per day. Question 28 (1 point) Listen MC AJC Price and cos's jdollars per unit 49 80 120 Quantity junits per day) The above figure is for a firm in monopolistic competition. The diagram represents the short run rather than the long run because the firm is incurring an economic loss. MR curve cuts the ATC curve from below. firm is making an economic profit. O MR curve and the D curve do not coincide