Use the following to answer questions:
Figure: The Monopolist 
-(Figure: The Monopolist) Look at the figure The Monopolist. If this monopolist attempts to profit-maximize, it will produce _____ units and sell them at _____.
Definitions:
Means-end Analysis
A problem-solving technique that involves breaking down a problem into smaller, more manageable parts to achieve a desired goal.
Mental Set
A tendency to approach situations in a certain way because that method worked in the past.
Dramatically Affect
Refers to having a profound or significant impact on something.
Representativeness Heuristic
A mental shortcut that involves judging the likelihood of an event by comparing it to an existing prototype in our minds.
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