Problem 4: Peanut Butter In the small town of Brundidge, Alabama, the peanut butter trade is dominated by two family-run firms, Goobers and Fluffernutters. The fixed costs of peanut butter manufacturing are $2500 (for each firm), and the marginal cost of production is constant at $3.00 per pound. Use the table below to answer the following questions. Quantity of Peanut Butter, pounds 2000 4000 6000 8000 10000 12000 14000 16000 18000 20000 Price per pound $12.84 $10.76 $9.26 $8.07 $7.09 $6.26 $5.53 $4.89 $4.31 $3.78 a. If Goobers and Fluffernutters agree to operate as a monopoly, how much peanut butter will each firm produce and what will their profits be