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Consider a monopolist described by the following equations: Market demand for monopolist's product: P = 2900 - 1Q ATC for monopolist: ATC = 1700 +

Consider a monopolist described by the following equations:

Market demand for monopolist's product: P = 2900 - 1Q

ATC for monopolist: ATC = 1700 + 0.2Q + 0.4Q

MC for monopolist: MC = 1700 + 0.4Q

If this monopoly is allowed to produce unregulated, what is the total profit that the monopolist earns?

Round your answer to two decimal places while you calculate, then nearest whole number for your final answer

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