Use the following to answer questions :
Figure: Profit Maximization in Monopolistic Competition 
-(Figure: Profit Maximization in Monopolistic Competition) Use Figure: Profit Maximization in Monopolistic Competition.In panel (a) of the figure,the profit-maximizing price and quantity are _____ and _____.
Definitions:
Student of Plato
A person who was a direct disciple of the ancient Greek philosopher Plato, studying under his guidance.
Ethical Dilemma
A situation in which a person is required to choose between two conflicting moral principles, making it difficult to decide what is right.
Quandary Ethics
Quandary ethics deals with situations where moral obligations conflict or where it's difficult to determine the right course of action, leading to ethical dilemmas or quandaries.
Character Ethics
A branch of ethics focused on virtues and moral character as the foundation of ethical behavior, rather than rules or consequences.
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