Suppose the figure to the right represents the market for a particular brand of shampoo, such as L'Oreal, Lancome, or Maybelline. Assume the market is monopolistically competitive. What is the firm's profit-maximizing price and quantity? 3.00 MC 2.80 ATC a 2.60- 2.40- B 2.20 2.00 The monopolistically competitive firm's profit-maximizing quantity is thousand bottles 1.80 of shampoo, and its profit-maximizing price is $ per bottle. (Enter your responses as integers.) 1.60- 1.40- 1.20 1.00 0.80- 0.60- Đ 0.40- 0.20 MR 00- 2 6 8 10 12 14 16 18 20 22 24 Quantity (shampoo bottles in thousands)

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