Given: Assume you are hired as a consultant to a firm that provides you the following cost data, market demand data (i.e. the column labeled price), and marginal revenue data provided in the table and the equivalent figure. Table: Output (q) Marginal Cost (MC) Price Marginal Revenue (MR) Avg Total Cost (ATC) 0 --- $700 --- --- 1 $20 $630 $560 $420 2 $60 $560 $420 $240 3 $100 $490 $280 $193 4 $140 $420 $140 $180 5 $180 $350 $0 $180 6 $220 $280 [negative] $187 7 $260 $210 [negative] $197 8 $300 $140 [negative] $210 9 $340 $70 [negative] $224 10 $380 $0 [negative] $240 Figure: Cost and market price graph; data in table. Question: What output level will the firm select to maximize profit