Consider a monopolistically competitive market with NN firms. Each firm's business opportunities are described by the following equations: Demand: Q=100N−PQ=100N−P Marginal Revenue: MR=100N−2QMR=100N−2Q Total Cost: TC=50+Q2TC=50+Q2 Marginal Cost: MC=2QMC=2Q   As N rises, the demand for each firm's product: rise or fall?   How many units does each firm produce? a: 25 b: 400/N c: 25/N d: 25N

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