The figure given below shows the revenue and cost curves of a monopolistically competitive firm. Figure: 11.3 
In the figure,
D: Demand curve
MR: Marginal revenue curve
MC: Marginal cost curve
ATC: Average total cost curve
The monopolistically competitive firm in Figure 11.3 will maximize profits (or minimize losses) by producing _____ and charging _____.
Definitions:
Security Prices
The market value for tradable financial instruments such as stocks, bonds, and derivatives at any given time.
Efficient-Market Hypothesis
The theory that all available information is already reflected in securities prices, therefore making it impossible to consistently achieve higher returns than the overall market.
Security Prices
The market price at which a financial security is traded.
Risk Level
The degree of uncertainty associated with the potential for loss or undesirable outcomes in an activity or decision.
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