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The table below shows the quantity of output produced by a monopoly that consumers demand at each price and the monopoly's cost structure. Quantity Price Total Revenue Marginal Revenue Total Cost Marginal Cost $400 $400 $400 $100 $100 375 750 350 150 50 350 1,050 300 270 120 325 1,300 250 410 140 300 1,500 200 570 160 275 1,650 150 750 180 250 1,750 100 950 200 225 1,800 50 1,200 250 200 1,800 0 1,500 300 What are the profit-maximizing price and quantity? The monopoly should produce units of output and charge a price of $ ]. (Enter your responses as integer values.) What is the monopoly's profit? The monopoly's profit is $ . (Enter your response as an integer value.) he figure to the right shows the average total cost curve for a firm producing electricity and the total demand for lectricity in the firm's market. 0.527 0.48- the firm is a monopoly and produces 36 billion kilowatt hours of electricity per year, then its average total cost of 0.44- roduction will be $ per kilowatt hour. (Enter a numeric response using a real number rounded to two decimal 047 aces.) 0.36- ow suppose instead that two firms are in the market, each producing half of the market's electricity. If each firm 0.32- as the same average total cost curve, then the average cost of producing electricity will now be $ per kilowatt 0.28- Price and cost ( dollars per kilowatt hour) our. 0.24- one of the two firms expands production, then that firm will 0.16- A. increase profits, creating an incentive for new firms to enter the industry. 0.12- B. lose network externalities in supplying electricity. 0.09- ATC C. be able to offer lower prices, driving the other firm out of business. 0.04- D of D. prompt the government to regulate prices. 8 12 16 20 24 28 32 36 40 44 49 Quantity of kilowatt hours (in billions) E. none of the above