(Scenario: Home Monopolist) a Monopolist Faces a Demand Curve Given

(Scenario: Home Monopolist) A monopolist faces a demand curve given by P = 60 - 2Q and has total costs given by TC = Q². Its marginal revenue is MR = 60 - 4Q and its marginal cost is MC = 2Q. Now suppose that the country in which this monopolist is located decides to engage in international trade. The world price of the product produced by the monopolist is $10. Calculate the value of the firm's profits.

A) $400
B) $1,200
C) -$1,600
D) $25