Output Space: Monopoly Price Q2-B: Consider a monopolist who is the only Monopoly seller in the local product market. (i) (4.5 pts) Draw a theoretically correct MR MC curve for the firm, and clearly label it as MR. (Be precise!) (ii) (4.5 pts) Determine the firm's profit- maximizing output quantity and denote that quantity as Q" on the horizontal axis. (iii) (4.5 pts) Determine the firm's profit- Demand maximizing price and denote that price as PM on the vertical axis. Output Quantity