A monopolist faces a demand curve given by: P = 70 - 2Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $6. There are no fixed costs of production. How much output should the monopolist produce in order to maximize profit?
- 32 units.
- 35 units.
- 16 units.
- 6 units.
- None of these.