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Figure: Maximize Monopoly Profits
-(Figure: Maximize Monopoly Profits) Refer to the figure. The monopolist will maximize its profit by producing at output equal to:

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Figure: Maximize Monopoly Profits

-(Figure: Maximize Monopoly Profits) Refer to the figure. The monopolist will maximize its profit by producing at output equal to:

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A monopolist maximizes profit by producing the quantity where marginal cost (MC) equals marginal revenue (MR). In the figure, this occurs at output level Q2.

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