Suppose the figure to the right represents the market for a particular brand of shampoo, such as L'Oreal, Lancome, or Maybelline. Part 2 Assume the market is monopolistically competitive. Part 3 What is the firm's profit-maximizing price and quantity? Part 4 The monopolistically competitive firm's profit-maximizing quantity is enter your response here thousand bottles of shampoo, and its profit-maximizing price is $enter your response here per bottle. (Enter your responses as integers.)
