Suppose University Cereal operates in a monopolistic competition market and its cost and revenue curves are represented in the figure. The profit-maximization price and quantity in this scenario, respectively, are A coordinate plane relates price along the vertical axis to quantity along the horizontal axis, and represents two curves and two straight lines. Question options: $4 and 30 units. $7 and 70 units. $6 and 50 units. $7 and 30 units