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

Multiple Choice

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 and marginal cost is $6.Average total cost for 10 units of output is $5.

A) $60
B) $70
C) $100
D) $120