What Is the Monopolist's Profit Under the Following Conditions? the Profit-Maximising

Multiple Choice

What is the monopolist's profit under the following conditions? The profit-maximising price charged for goods produced is $40.The intersection of the marginal-revenue and marginal cost-curves occurs where output is 20 units and marginal cost is $25.Average cost for 20 units of output is $15.

A) $300
B) $500
C) $200
D) $40