Assume that the short-run cost and demand data given in the tables below confront a monopolistic competitor selling a given product and engaged in a given amount of product promotion. 
What output and price levels will maximize the firm's profit in the short run?
A) 2 units and $24
B) 3 units and $21
C) 4 units and $18
D) 5 units and $15
Correct Answer:
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