The table below shows price and quantity demanded for a market in which there is a single (monopoly) firm, as well as marginal cost. Use the information in the table to find the monopolist's optimal price and quantity. Price $100 $90 $80 $70 $60 $50 $40 $30 $20 $10 Quantity 0 1 2 3 4 5 6 7 8 9 Marginal Cost The monopolist will charge a price of $ -- 7 15 24 30 42 56 62 75 97 and produce a quantity of units.

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