Profit-maximizing output for the monopolistically competitive firm is 20 units.
A monopolistic marketplace is a theoretical situation that describes a marketplace wherein only one agency may additionally provide services and products to the general public. A monopolistic marketplace is the other of a wonderfully competitive marketplace, in which an limitless number of firms function.
A monopolistic marketplace is a market structure with the characteristics of a natural monopoly. A monopoly exists when one provider affords a selected top or service to many clients. In a monopolistic marketplace, the monopoly (or dominant agency) exerts manipulate over the market, allowing it to set the price and supply.
A monopoly is the type of imperfect competition where a vendor or producer captures the general public of the market proportion due to the dearth of substitutes or competition. A monopolistic competition is a form of imperfect competition where many sellers try to seize the market percentage with the aid of differentiating their merchandise.
Learn more about monopolistic here https://brainly.com/question/25717627
#SPJ4
