1. Assume that a firm operates as a profit maximizing monopolist that produces and sells widgets, and that this firm has the following Demand and Marginal Revenue curves below. P =250 - 5Q (Demand) MR = 250 - 10Q (Marginal Revenue) where P = Price, Q = Quantity a. Let's assume further that this firm sells all of its widgets at the same price. Although you don't have the MC and AC curves, what would be the greatest quantity of output that the firm would ever want to sell under the "one price for each unit sold" pricing strategy if the firm behaved as a price taking firm (i.e. if the firm behaved as though it was actually a perfectly competitive market)