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Use the Figure to Answer the Following Question(s)

question 240

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Use the figure to answer the following question(s) .
Figure 11-7 Use the figure to answer the following question(s) . Figure 11-7   -The demand and cost conditions in an industry are as depicted in Figure 11-7. In the viewpoint of economic efficiency, what would the ideal price and output be? A)  price, $7; quantity produced, 100 B)  price, $10; quantity produced, 170 C)  price, $14; quantity produced, 100 D)  price, $7; quantity produced, 200
-The demand and cost conditions in an industry are as depicted in Figure 11-7. In the viewpoint of economic efficiency, what would the ideal price and output be?


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