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Figure: Firms in Monopolistic Competition
-(Figure: Firms in Monopolistic Competition)Use Figure: Firms in Monopolistic Competition.In panel (b)of the figure,the profit-maximizing quantity of output is determined by the intersection at point:

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Use the following to answer questions :
Figure: Firms in Monopolistic Competition 
-(Figure: Firms in Monopolistic Competition)Use Figure: Firms in Monopolistic Competition.In panel (b)of the figure,the profit-maximizing quantity of output is determined by the intersection at point:

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The profit-maximizing quantity of output in monopolistic competition is determined where marginal cost (MC) equals marginal revenue (MR), which is typically represented by point S in such diagrams.

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