Figure 9-15 at Which Price and Quantity Is Profit Maximized for the Profit

question 401

Multiple Choice

Figure 9-15

At which price and quantity is profit maximized for the competitive price-taker firm represented in Figure 9-15?

• A) $40 and 80
• B) $8 and 70
• C) $4 and 40
• D) $40 and 70
• E) $8 and zero output

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