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The monopoly pricing rule is when given the level of output, Q M , that maximizes profits, the monopoly price is the price on the

The monopoly pricing rule is when given the level of output, Q^M , that maximizes profits, the monopoly price is the price on the demand curve corresponding to the Q^M units produced.

P^M= P ( Q^M )

Use the Monopoly Pricing Rule to find the price P* that the firm should charge when maximizing its profit.

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