Table 17-9 Only Two Firms, Acme and Pinnacle, Sell a Particular Product

question 358

Multiple Choice

Table 17-9
Only two firms, Acme and Pinnacle, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $10 and zero fixed cost.

-Refer to Table 17-9.What is the socially efficient quantity of the product?

• A) 700
• B) 1000
• C) 1200
• D) 1400

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Definitions:

Special Table

A term that might refer to a table designed for a specific purpose or function, often in a technical or specialized setting.

Kraske Position

A positioning technique used in medical procedures where the patient lies on their abdomen with the hips elevated, facilitating access to the rectum or spine.

Anterior Portion

The front part of a structure or organ in the body.

Abdominal Organs

Internal organs located within the abdominal cavity, including the stomach, liver, kidneys, and intestines.