Table: Spring Water.The table shows the demand and cost data for a firm in a monopolistically competitive industry producing drinking water from underground springs.The profit-maximizing output is _____ cases.

A) 5
B) 6
C) 7
D) 8

Monopolistically Competitive

Refers to a market structure where many companies sell products that are similar but not identical, leading to competitive prices and product differentiation.

Profit-maximizing Output

The level of production at which a company achieves the maximum possible profit, where marginal cost equals marginal revenue.

Demand

This refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.