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P, C ($) 180- Mc 160 140 120 CATCH 100 80 60 40 20 SMR 8 10 12 14 16 18 20 22 Q/t Reference:

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P, C ($) 180- Mc 160 140 120 CATCH 100 80 60 40 20 SMR 8 10 12 14 16 18 20 22 Q/t Reference: Ref 25-4 Consider the monopolist described in the figure above. The profit maximizing output and price for the firm are A) 12 and $110. B) 17 and $85. C) 9 and $80. ( D) 9 and $125

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