Table 16-5 This Table Shows the Demand Schedule, Marginal Cost, and Average

question 418

Multiple Choice

Table 16-5
This table shows the demand schedule, marginal cost, and average total cost for a monopolistically competitive firm.
-Refer to Table 16-5. What price should this firm charge to maximize profit?

• A)$6
• B)$12
• C)$18
• D)$24

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Laud Humphreys

An American sociologist known for his research into sexual behavior and for his controversial study of anonymous male homosexual acts in public places.