Consider the following data for a monopolist firm. At which quantity does the monopoly firm maximize its profits (or minimize its losses)? At this quantity, what is the firm's profit (or loss)?

OutputPriceTotal RevenueTotal Cost300$9$2,700$3,300400$8$3,200$3,650500$7$3,500$3,950600$6.33$3,800$4,000700$5.50$3,850$4,200800$4.50$3,600$4,700