A monopoly has the following demand, marginal revenue and marginal costs: Demand: P = 72-Q Marginal revenue: MR = 72 -2Q Constant marginal cost: MC = 12 a. how much output should the firm produce and sell to maximize its total revenues? b. the price at which the firm can sell the output that maximizes its total revenues? the firm's total profits from selling the quantity of output that maximizes its total revenues? C.

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