Canopy Growth is a cannabis producer that is a monopolist. Answer the question on the basis of the provided demand and cost data.   Demand Data Cost Data Price Quantity Demanded Output Total Cost $5.00 3 3 $5.00 4.80 4 4 6.00 4.60 5 5 6.50 4.40 6 6 7.50 4.20 7 7 9.00 4.00 8 8 11.00 3.80 9 9 14.00   Canopy Growth, the profit-maximizing monopolist will realize a   Multiple Choice   profit of $32.   profit of $21.   a loss of $13.   loss of $20.40.   profit of $16.50.

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A: The statement is true.

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A: Solution is given Below

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Monopoly Market

When a company and its products dominate a sector or an industry, it is termed a monopoly. When a firm and its products control a market, then it is called a monopoly.