Question Monopolist Prod The data below relate to a pure monopolist and the product it produces.  a) What is the profit-maximizing output and price for this monopolist? b) What is the profit/loss for this firm operating under pure monopoly? c) What is the profit-maximizing output and price for a competitor? d) What is the profit/loss for this firm operating under pure competition? (TR=Total Revenue; MR=Marginal Revenue) Price Q TR MR TC MC 22 0 0   20   20 1 20 20 24 4 18 2 36 16 27 3 16 3 48 12 32 5 14 4 56 8 40 8 12 5 60 4 49 9 10 6 60 0 59 10

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