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You have 1 attempt remaining. The table below presents price and revenue information for QRZ Co., a natural monopoly. Quantity Price Total Revenue Marginal Revenue Marginal cost 18 50 900 19 49 931 31 38 20 48 960 29 34 21 47 987 27 30 22 46 1012 25 25 23 45 1035 23 23.5 24 44 1056 21 22.5 25 43 1075 19 22 What is the equilibrium quantity that QRZ Co. will produce? 22 What is the equilibrium price that QRZ Co. charges for its product? 46 If average total costs are $35 at this equilibrium quantity and price, calculate economic profits: $ Show hint Submit answer Answers (in progress)