6. Slash and Burn is a monopolist that can sell its output at these prices and with these total costs: Output Price Total Cost 4 $27 $28 5 26 34 6 25 42 7 24 52 8 23 64 9 22 88 10 21 105 11 20 125 12 19 148 13 18 174 14 17 204

6. Slash and Burn is a monopolist that can sell its output at these prices and with these total costs: Output Price Total Cost 4 $27 $28 5 26 34 6 25 42 7 24 52 8 23 64 9 22 88 10 21 105 11 20 125 12 19 148 13 18 174 14 17 204 a) What level of output will Slash and Burn choose to produce? What will the selling price and profit be? b) Suppose that Slash and Burn produced at the level that a perfectly competitive industry would, with marginal cost equal to price. What would be the output, price and profit?