A monopoly is considering investing in a process innovation that will reduce its marginal cost from 4 to 2. The firm has no fixed cost and there is no protection for intellectual property. The demand curved faced by the firm is given by P=364Q {"version":"1.1","math":"P=36-4Q"} . In the absence of the process innovation what is the profit of the firm?

options:

64

68

62

66

70