Question: Figure 2 below illustrates the marginal cost ( MC ) , average total cost ( ATC ) , and allage variable cost ( AVC )

Figure 2 below illustrates the marginal cost (MC), average total cost (ATC), and allage
variable cost (AVC) for a hypothetical monopolist. Use this figure to answer the following questions.
What is the profit maximizing quantity this monopolist should produce?
What is profit maximizing price this monopolist should charge?
How much total revenue will this firm earn by producing and selling the profit maximizing quantity?
How much profit will this monopolist earn by producing and selling the profit maximizing quantity?
Figure 2 below illustrates the marginal cost ( MC

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