Use the Following to Answer Questions

question 48

Multiple Choice

Use the following to answer questions :
Table 9-1
-Suppose an imperfect competitor faces the demand curve defined in Table 9-1, and its MC is constant at $2.00.If the firm is able to produce at any output level, then it maximizes profits at:

• A)P = 5; q = 8
• B)P = 4; q = 12.
• C)P = 3; q = 17.
• D)P = 2; q = 22.
• E)none of the above if fixed costs are less than $1.00.

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Definitions:

Medial Malleolus

The bony prominence on the inner side of the ankle, part of the tibia's distal extremity, contributing to the ankle joint's stability.

Lateral Malleolus

The hard protrusion located on the external part of the ankle, which constitutes the bottom portion of the fibula.

Radial Styloid Process

A bony protrusion at the distal end of the radius bone in the forearm, which is palpable on the thumb side of the wrist.

Radial Tuberosity

A bony prominence under the forearm that attaches to the bicep tendon.