Use the Following to Answer Questions

question 189

Multiple Choice

Use the following to answer questions:
Figure: The Profit-Maximizing Output and Price
-(Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price. A perfect competitor would produce at a price of _____ and output of _____ units.

• A) $600; 8
• B) $200; 8
• C) $200; 16
• D) $600; 16