Complete the table below for the figures from a business that has a monopoly on widgets. Fixed costs are $15, and MC is $12. Once completed plot the MR, demand (D), and MC curves on the graph and in your own words explain the relationship between the curves and price. Properly label the graph.

Monopoly Company Row Q P TR MR MC ATP A TC 100 E. Profits 3 > B 1 90 C 2 80 > D 3 70 E 4 60 F 5 50 G 6 40 To maximize profits the business should produce (Q) at a price of (P) $