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Suppose that tire sales in your town are controlled by Burn- Rubber (BRT), a monopoly lm whose cost and revenue structure are shown in this

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Suppose that tire sales in your town are controlled by Burn- Rubber (BRT), a monopoly lm whose cost and revenue structure are shown in this gure. 8 12 Quantity of Tires (in millions) 1. What price (in dollars) will BRT charge for its tires in order to maximize profit? 2. What is the profit-maximizing level of output for BRT (in millions)? 3. What is the amount of profit or loss (in millions of dollars) that BRT earns

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