199986-12816713533721517454624320345525122236424-1264-2What is their profit maximizing quantity and price?
10. Monopolistic competitiona. What is the profit-maximizing output level?
b. At the profit-maximizing output level, how much profit will be realized?
c. Does this graph most likely represent the long run or the short run? Why?
d. What is the efficient level out output that would prevent excess capacity?
11. 5. Figure 1 Shows the demand and cost curves for a monopolist.