MC Qu. 64 A firm with market power faces... A firm with market power faces the following estimated demand and average variable cost functions: Qd =39,000 - 500P +0.4M - 8,000PR AVC = 30 - 0.005Q+ 0.0000005Q2 where Qo is quantity demanded, Pis price, Mis income, and PR is the price of a related good. The firm expects income to be $40,000 and PR to be $2. Total fixed cost is $100,000. What is the profit-maximizing choice of output? IVIGILPIC CHIVILE O 8,000 units O 10,000 units O 12,000 units O 16,000 units O units, the firm shuts down