Questions 44 and 45 refer to the following. A monopolistical…
Questions 44 and 45 refer to the following. A monopolistically competitive firm faces the following demand schedule and cost data. Quantity Q Price P Total Cost TC 10 $50 $800 20 42 875 30 34 1,025 40 26 1,250 55 18 1,550 60 10 1,925 70 2 2,375 To maximize its profit, the firm will produce _________units of output.