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Price 0 20 40 60 80 100 120 140 Quantity 140 120 100 80 60 40 20 0 The table represents a monopolist who has

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The table represents a monopolist who has the following costs:

Materials and wages are equal to $40 per unit.

Machinery and shop rental is $200 for the production period.

What are their total profits at the optimal output?

**Do not assume that the curve is linear, only use the output available on the table**

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