(Table: Spring Water) the Table Spring Water Shows the Demand

question 205

Multiple Choice

(Table: Spring Water) The table Spring Water shows the demand and cost data for a firm in a monopolistically competitive industry producing drinking water from underground springs.At the profit-maximizing output, profit is:

• A)$8.83.
• B)$10.00.
• C)$60.00.
• D)$7.00.

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