1:36 B app.sophia.org Question a.) O: 8 units P: $4,000 Profit = $32,000 b.) 0: 8 units P: $7,000 Profit = $56,000 c.) O: 8 units P: $5,000 0 Profit = $40,000 d.) O: 8 units =7,00 O P$0 Profit = $24,000 Tutorials 1:36 III '3' E B app.sophia.org Question Tutorials What quantity (0) will the profit-maximizing monopolist below produce, what price (P) will they charge, and how much will their profit or loss be? Price 5' (in thousands of dollars) Firm Demand 0 2 4 6 8 10 12 14 Market = Firm Quantity of MR Output a.) Q: 8 units P= $4,000 0 Profit = $32,000