The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost: that is, MR = MC.
<h3>What is Profit?</h3>
This refers to the gain that is made on an investment where there is a healthy return on investment.
A monopoly is a type of market structure that has one seller that deals on a unique product in the market, thus dominating it and having free access to price control.
In the area of economics, profit maximization is the short-run or long-run process that is used to find out the price and input-output levels that would enable them to accrue the highest gain over a period of time.
Hence, we can see that your question is incomplete because exhibit 1 is not shown, so a general overview is given.
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brainly.com/question/1078746
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