Week 9 HWQuestion 3PAGE 314The bottom graph on PAGE 315 summarizes the demand and costs for a firm t

Week 9 HWQuestion 3PAGE 314The bottom graph on PAGE 315 summarizes the demand and costs for a firm that operates ina monopolistically competitive market.Price per Unit200MCATCDemand01020MRa. What is the firm optimal output? EXPLAINb. What is the firm optimal price? EXPLAINQc. What is the firm’s maximum profit? EXPLAINd.What adjustments should the manager be anticipating? EXPLAIN