Output Price Total Revenue Total Cost
300 $9 $2,700 $3,300
400 $8 $3,200 $3,650
500 $7 $3,500 $3,950
600 $6 $3,600 $4,000
700 $5 $3,500 $4,200
800 $4 $3,200 $4,700
Consider the above data for a monopolist firm. At which quantity does the monopoly firm maximize its profits (or minimize its losses)?
Group of answer choices
700
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500
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400