he market demand function is given the following equation: P = 2000 - Q where Q is the industry's output level.

Suppose initially this market is served by a single firm. Let the total cost function of this firm be given the function C(Q) = 200Q. The firm's marginal cost of production (MC) is equal to the firm's average cost (AC):

MC = AC = 200.

Flag question: Question 1Question 11 pts

What is the equilibrium output level produced by the profit-maximizing monopoly firm in this industry?

Group of answer choices

450

750

900

1080

Flag question: Question 2Question 21 pts

What will be the market price charged by the monopolist at the profit-maximizing level of output?

Group of answer choices

$840

$900

$1100

$1200

Flag question: Question 3Question 31 pts

What will be the profit earned by the monopolist at the profit-maximizing level of output?

Group of answer choices

$60,0000

$75,0000

$81,0000

$90,0000

Flag question: Question 4Question 41 pts

What would be the industry output level if this was a perfectly competitive industry instead?

Group of answer choices

1800

1500

1200

900

Flag question: Question 5