$19….amp; 1 16 A. 1o………………..E………………. ‘ 0 100 160 180 21!) Quantity Consider the monopolistically competitive

Consider the monopolistically competitive firm whose demand curve and cost structure are illustrated the graph above

  1. How many units will this firm produce?
  2. What is the total cost of producing at the output level you answered in part a. (show work)
  3. What is the total revenue that this firm earns? (show work)
  4. What is the per unit profit/loss if the firm produces at the output level answered in part a.

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