51

Refer to the following data regarding a Monopoly firm. Quantity (Units) 2 w 4 5 6 7 8 AR ($) 24 21 18 15 12 9 6 MR ($) 21 15 9 3 -3 -9 -15 MC ($) 7 5 9 11 12 13 13.5 AC ($) 25 18.34 16 15 14.5 14.28 13.68 Under Fair Return Pricing policy, the monopolist will O A. Produce 3 units O B. Get loss $15 O C. Earn profit $75 O D. Get total revenue $75