Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Figure: The Profit-Maximizing Output and Price
-(Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price. Assume there are no fixed costs and AC = MC. At the profit-maximizing quantity of production for the monopolist, total revenue is _____, total cost is _____, and profit is _____.

A) $600; $200; $400
B) $1,600; $3,200; $1,600
C) $4,800; $3,200; $1,600
D) $4,800; $1,600; $3,200