The graph below shows cost and revenue curves for a monopolistic competitor producing different amounts of sofas. On the graph, suppose thar A - $44. B = $30, C = 820, E = $8, F = 12, and G = 36 Price MC AF ATC m 00 11 11 - - MR F G Quantity How many sofas will a profir-maximizing monopolistic competitor produce? What is the equilibrium Marginal Revenue for a monopolistic competitor in this market? MR F G Quantity 6) How many sofas will a profit-maximizing monopolistic competitor produce? What is the equilibrium Marginal Revenue for a monopolistic competitor in this market? What is the average cost that a monopolistic competitor will incur at equilibrium? How much profit will the firm generate in equilibrium Submit answer (1/8) Answers in progress) 1 attempt remaining Superior Trading Co. sells sofas. It sells 590 sofas at a price of $11 per unit. The marginal cost is $4 and average cost is $11. Calculate the profit that Superior Trading Co. earns of Superior Trading Co.'s above status is for its long-run equilibrium, what is the market structure? Perfect competition Monopoly Monopolistic competition None of these Submit answer Answers in progress) Score Answer >> -/1 072