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What is the market price of the product

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How many units of output should this monopoly firm produce in order to maximize its profits? What is the market price of the product, and what is the maximum profit?

At 6 units MC = 7 MR = 12 profit = 71

At 7 units MC = 8 MR = 10 profit = 73

At 8 units MC = 9 MR = 8 profit = 72

Reference no: EM132478803

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