The Table Given Below Shows the Price Charged by a Firm

question 25

Multiple Choice

The table given below shows the price charged by a firm and the marginal cost incurred by it for the different levels of the output. Table 24.2
What is the profit-maximizing output level for the monopoly firm described in Table 24.2 if the firm is earning a positive economic profit?

• A)1 unit
• B)2 units
• C)3 units
• D)5 units
• E)6 units

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