If a monopoly firm wants to maximize profits, it will
Group of answer choices
produce at a point where MR = ATC but sell at a price commensurate with the demand curve.
produce at a point where MC = ATC but sell at a price on the demand curve.
set a price and quantity at a point where MC = MR.
produce at a level where MC = MR, but charge a price commensurate with the demand curve.