Figure 16-2 This Figure Depicts a Situation in a Monopolistically Competitive Market

Figure 16-2
This figure depicts a situation in a monopolistically competitive market.

-Refer to Figure 16-2.What is the profit-maximizing price,quantity,and resulting profit?

A) P=$60, Q=20 units, profit=$200
B) P=$80, Q=20 units, profit=$200
C) P=$75, Q=25 units, profit=$100
D) P=$60, Q=40 units, profit=$0