-Label the maximum profit output in the above graph.
Definitions:
Arbitration
A form of alternative dispute resolution where a neutral third party makes a binding decision to resolve a dispute outside of court.
Supreme Court
The highest judicial court in a country or state, typically having the ultimate authority in interpreting laws and the constitution.
Binding Agreement
A legally enforceable contract between two or more parties.
Settlement Agreement
A legally binding contract between parties that resolves a dispute and outlines the terms of the settlement.
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