Use the data below to answer the questions: Price Quantity Demanded Total Revenue Marginal Revenue Total Cost Marginal Cost $24 1000 $24,000 ***************** $15,000 **************** $22 1250 $27,500 $14 $17,000 $8 $20 1500 X $10 $19,500 $10 $18 1750 $31,500 Y $23,000 $14 $16 2000 $32,000 $2 $27,000 Z   (d) Find the profit maximizing price. (e) Find the profit maximizing quantity. (f) Find the profit the firm will earn. I questions a b and c separately each to adhere to the company policy of asking question. please answer these 3 briefly so i can use my questions for others, thank you very much!

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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.