Show transcribed image textAnswer: Option 2 For a monopolist, the profit gets maximized at t…View the full answerTranscribed image text: Price P2 P3 MC D ATC P4 Ps E MR Quantity Refer to figure above. Total revenue of this profit maximizing monopolistic competitor is represented by the area P5EQ20 area P1AQ20 area P1AEP5 area P4DQ30 area
