Assuming that the monopolistic competitor faces the demand and costs depicted below and finds the profit maximizing level of output, what will be the firm's profit? 36 32 28 24 20 16 62 12 8 4 20 a.$8 b.$-64 c.$12 d.$-32 MC1 ATC1 LAVE+ MR1 D₁ 1 2 3 4 5 6 7 8 9

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