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Consider the following table that represents the reality of a monopoly Quantity FC VC TC MC P TR MR Profits 0 40 100 NO 70

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Consider the following table that represents the reality of a monopoly Quantity FC VC TC MC P TR MR Profits 0 40 100 NO 70 95 4 90 90 100 85 120 80 10 145 75 12 175 70 14 210 65 16 250 60 18 300 55 a) Fill the table (on the answer sheets) b) What is the optimal output for the monopoly? What are the maximum profits

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