Arrange the following steps in the process of profit maximization for a monopolist in the correct order: A. Identify the quantity where marginal cost equals marginal revenue. B. Determine the price using the demand curve at the identified quantity. C. Analyze consumer willingness to pay for different price discrimination strategies. D. Calculate total profit by subtracting total cost from total revenue.

To maximize profit, a monopolist first needs to identify the quantity of goods to produce where marginal cost equals marginal revenue, which is the point where the cost of producing one more unit is equal to the revenue gained from selling that unit. Once this quantity is determined, the monopolist can use the demand curve to find out the price consumers are willing to pay at that specific quantity. After setting the price, the monopolist can then calculate total profit by subtracting total costs from total revenue. If the monopolist is considering different pricing strategies, they might also analyze consumer willingness to pay for various price discrimination methods, but this step comes after establishing the basic quantity and price relationship. For example, if a monopolist identifies that producing 100 units maximizes profit, they would then set the price accordingly and calculate their profits based on those figures.