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Question: the graph presents the shortrun costs and revenue for a...

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The graph presents the short-run costs and revenue for a monopolistically competitive firm. Use this information to determine the profit-maximizing output and profit for this firm in the short run Cost and revenue $800 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 Average total cost Marginal cost What is the profit-maximizing output of this monopolistically competitive firm? Round your answer to the nearest whole number units of output Demand What is the maximum level of profits for this monopolistically competitive firm? Round your answer to the nearest whole number Marginal revenuc 0 2 3 45 6 78 9 10 11 12 13 14 1516 17 18 19 20 Units of output

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