Consider the table below: # Demand Data Quantity Output Demanded 3 3 mim 4 4 5 5 6 6 7 7 8 Price $5.50 $5.00 $4.50 $4.00 $3.40 $2.90 Cost Data 8 Total Cost $5.00 $6.00 $6.50 $8.00 $9.25 $11.50 How much will this monopolist produce? a) He will not produce because no price covers his costs. b) He will produce (between 5) and 6 units. c) He will produce 3 units because his revenues would exceed his costs. d) He will produce 8 units because the difference between his price and his cost is greatest at that level. e) He will produce (between 4) and 5 units.