In the Above Graph, Industry Profits Are Maximized

question 15

Multiple Choice

In the above graph, industry profits are maximized

• A)only at point Q^M₁.
• B)only at point Q^M₂.
• C)on the line segment joining points Q^M₁ and Q^M₂.
• D)at the point where r₁ = r₂.

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Definitions:

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