Question-7. Describe the Chart below. How much prot will be made if it is prot maximizing rm operating in a monopoly market? 27 18.5 10 MC 5.75 9 18 Q Question-2. Comparable to any prot-maximizing rm, a monopoly produces the quantity of output in the short run that equates marginal revenue with marginal cost. At this production level, the rm cannot increase prot by changing the level of production. Because price is not equal to marginal revenue, a monopoly does not produce the quantity of output that equates price and marginal cost. Consider the Graph below. It shows production in a monopoly market situation with only one rm and supplying. Monopolist produces at the point A, where MC>MR. What does he have to do? Find and explain the amount of prot at the optimum point