With Perfect Price Discrimination ________,And Production Is Expanded Until Marginal

question 176

Multiple Choice

With perfect price discrimination ________,and production is expanded until marginal revenue equals ________.

• A) the firm's demand curve becomes its marginal revenue curve; marginal cost
• B) the firm's demand curve becomes its marginal revenue curve; average total cost
• C) the firm's marginal revenue curve bisects the angle with which demand intersects the price-axis; marginal cost
• D) the firm's marginal revenue curve bisects the angle with which demand intersects the price-axis; average total cost
• E) economic profit is maximized when the lowest price equals marginal cost; average total cost.

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