The Following Figure Shows the Demand Curve ES, the Average

question 40

Multiple Choice

The following figure shows the demand curve ES, the average cost curve AC, the marginal cost curve MC, and the marginal revenue curve MR for a firm.
Figure 8-1

-Refer to Figure 8-1. The efficient level of output in the market is:

• A) R - P.
• B) R.
• C) Q.
• D) P.
• E) T.

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