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Figure 12.2.2 Refer to Figure 12.2.2, which shows the market with a sin...

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A graph plots price (dollar per unit) versus Quantity (units). The horizontal axis ranges from 0 to 9 with an increment of 1 unit. The vertical axis ranges from 0 to 9 with an increment of 1 unit. The graph plots two slopes from top left to mid-right and bottom left respectively and two convex curves from mid-left to mid-right and bottom left to top right respectively. The first slope falls through (0, 9) to (4.5, 0) is labeled M R, and the second slope falls through (0, 9) to (9, 0) is labeled D. The first convex curve falls through (1. 6.5) to (4, 4) ad then rises through (8, 7) is labeled A T C and the second convex curve rises through (1, 2), (4.5, 5) to (5.5, 8) is labeled M C.

Figure 12.2.2

Refer to Figure 12.2.2, which shows the market with a single-price monopoly. To maximize its profit, what does this firm produce and what price does it set?
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