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determining the price by finding the highest price at which sales can be made and then using the demand curve to find the appropriate quantity. finding the quantity where marginal cost and marginal revenue are equal and then using the demand curve to find price. finding the quantity where average revenue and average total cost are furthest apart. finding the point where marginal revenue and demand intersect. This gives the price and quantity that maximizes profits.

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question 1: finding the quantity where marginal cost and marginal revenue are equal and then using the demand curve to find price. question 2: cartel question 3: A question 4: a restriction on starting a business. question 5: the firm should reduce output. the rest you can figure out

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