Refer to the figure.Calculate the monopoly's profits at the profit-maximizing output level. 
Definitions:
Equilibrium Price
The market price at which the quantity of a good supplied equals the quantity demanded, leading to a stable market condition where there is no tendency for the price to change.
Game Theory
A branch of economics and mathematics that studies strategic interactions among rational decision-makers.
Strategic Situations
Scenarios in which individuals or organizations must make decisions that consider the actions and reactions of other participants.
Price-Fixing
An illegal agreement among competitors to set prices at a certain level, rather than allowing them to be determined naturally by market forces.
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