What is the monopolists profit under the conditions

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What is the monopolist's profit under the following conditions? The profit-maximizing price charged for goods produced is $12. The intersection of the marginal revenue and marginal cost curves occurs where output is 10 units, marginal cost is $8, and average total cost is $7.

a. Not enough information is given to determine the answer.

b. $10

c. $40

d. $50

Reference no: EM13833354

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