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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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