Use the Following to Answer Questions

question 209

Multiple Choice

Use the following to answer questions:
-(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. If the industry were in perfect competition, the profit-maximizing output would be _____ cases.

• A) 6
• B) 5
• C) 7
• D) 8

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Definitions:

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