The following figure shows demand, marginal revenue, and short-run costs for a price-setting firm.

-To maximize profit the firm should produce an output of ________ and set a price of $_______.
Correct Answer:
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Q35: Answer the following questions concerning a firm
Q36: The following schedule shows demand and total
Q37: The following schedule shows demand and total
Q38: The following schedule shows demand and total
Q39: The following schedule shows demand and total
Q41: The following figure shows demand, marginal revenue,
Q42: The following figure shows demand, marginal revenue,
Q43: The following figure shows demand, marginal revenue,
Q44: The following figure shows demand, marginal revenue,
Q45: The following figure shows demand, marginal revenue,
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