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d) Suppose the firm is operating in a monopoly output market with the following price schedule. What is the profit maximizing output level. What is

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d) Suppose the firm is operating in a monopoly output market with the following price schedule. What is the profit maximizing output level. What is the price the firm will charge for their output? Is the firm operating efficiently? Why or why not? If not, calculate the deadweight loss. (4 points) P 500 AR 480 460 440 UI A W N 420 400 380 360

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