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Suppose a profit-maximizing monopolist producingQunits of output faces the demand curve $P=20-Q$.Its total cost when producingQunits of output is$TC=24+Q^2$. The fixed cost is sunk, and

Suppose a profit-maximizing monopolist producingQunits of output faces the demand curve $P=20-Q$.Its total cost when producingQunits of output is$TC=24+Q^2$. The fixed cost is sunk, and the marginal costcurve is $MC=2Q$.

If price discrimination is impossible, how large will theprofit be?

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