(Figure: Demand, Revenue, and Cost Curves for Thnceds) Use Figure: Demand, Revenue, and Cost Curves for Thneeds. Thneeds and Things is a monopolist in the thneed ("things we need") market. To maximize...

Extracted text: (Figure: Demand, Revenue, and Cost Curves for Thnceds) Use Figure: Demand, Revenue, and Cost Curves for Thneeds. Thneeds and Things is a monopolist in the thneed ("things we need") market. To maximize profit, Thneeds and Things will sell thneeds and at a price of Price of thneeds $100 90 80 70 60 MC ATC 50 40 30 20 MR 10 20 60 100 140 180 220 Quantity of thneeds 70, $65 O b. 100; $50 O c. 120: $40 O d. 150: $46