Figure 13-8 Figure 13-8 Shows Cost and Demand Curves for a Monopolistically

question 204

Multiple Choice

Figure 13-8

Figure 13-8 shows cost and demand curves for a monopolistically competitive producer of iced tea.
-Refer to Figure 13-8.What is the firm's profit-maximizing price?

• A)$12
• B)$13
• C)$14
• D)$16

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