Market and Firm Outcomes in Monopoly Using a graph, determine market and firm short-run and long-run outcomes in monopoly. What quantity (Q) will the profit-maximizing monopolist below produce, what price (P) will they charge, and how much will their profit or loss be? 

a.) Q = 8 units P = $7,000 Profit = $56,000 

b.) Q = 8 units P = $7,000 Profit = zero economic profit, or normal profit 

c.) Q = 8 units P = $5,000 Profit = $40,000

Answer rating: 100% (QA)

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