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Use the Figure to Answer the Following Question(s)

question 129

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Use the figure to answer the following question(s) .
Figure 11-8 Use the figure to answer the following question(s) . Figure 11-8   -The demand and cost conditions in an industry are as depicted in Figure 11-8. In the viewpoint of economic efficiency, what would the ideal price and output be? A)  price, $10; quantity produced, 100 B)  price, $15; quantity produced, 50 C)  price, $15; quantity produced, 75 D)  price, $20; quantity produced, 50
-The demand and cost conditions in an industry are as depicted in Figure 11-8. In the viewpoint of economic efficiency, what would the ideal price and output be?


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