Figure 15-3 Price ATC and cost per unit MC $75 68 54 38 Demand 630 800 Quantity 880 850 MR Figure 15-3 above shows the demand and cost curves facing a monopolist. 2) Refer to Figure 15-3. Suppose the monopolist represented in the diagram above produces positive output. 2) a. What is the profit-maximizing/loss-minimizing outputlevel? b. What is the price charged at the profit-maximizing/loss-minimizing output level? c. Suppose the monopolist represented in the diagram above produces positive output. What is the profit/loss per unit? d. What happens to the monopolist represented in the diagram in the long run?

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