Exhibit A: Short-Run Monopoly (for questions 12-14) Price and cost MC ATC N G O AVC H K P M Demand MR Q R STU Quantity per period12. (See Exhibit A above) The profit-maximizing quantity of output is quantity: A) Q. B) R. C) S. D) T. 13. (See Exhibit A above) The profit-maximizing price is price: A) N. B) O. C) P. D) Q. 14. (See Exhibit A above) The output at which marginal cost = price is determined by the intersection at point: A) F. B) G. C) H. D)