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Figure 10-7 -Given the Cost and Demand Conditions Shown in Figure 10-7

question 140

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Figure 10-7 Figure 10-7   -Given the cost and demand conditions shown in Figure 10-7 for the competitive price-searcher firm, what price should it charge, and what quantity should it produce in order to maximize profit? A)  It should produce 10 units and charge a price of $5 per unit. B)  It should produce 10 units and charge a price of $8 per unit. C)  It should produce 10 units and charge a price of $10 per unit. D)  It should produce 18 units and charge a price of $7 per unit.
-Given the cost and demand conditions shown in Figure 10-7 for the competitive price-searcher firm, what price should it charge, and what quantity should it produce in order to maximize profit?


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