In Figure 11.2, the monopolist's profit maximizing output and price is: Figure 11.2 Graph- There are four curves on the graph; a downward sloping demand curve D=P=AR and an MR curve below it; the MC curve intersects the U-shaped AC curve above the demand curve at quantity Q3; the AC curve intersects the demand curve at P2, Q2; at quantity Q1 MC intersects MR and going up vertically to the demand curve, there are two other points, one on the AC that has a coordinate on the vertical axis P3; the other point is on the demand curve itself with a P1 coordinate on the vertical axis In Figure 11.2, the monopolist's profit maximizing output and price is: Q2 and P2. Q3 and P2. Q1 and P3. Q1 and P1