Use the following information to answer the questions:
The accompanying figure depicts the demand (D) curve for general admission concert tickets to see ECON-Jammin', the world's first economics rock band, which is scheduled to visit your city next month. The concert venue can accommodate 100 fans with a marginal cost (MC) of $10 per person. 
-If ECON-Jammin' charges a single price for their concert tickets and follows the profit-maximizing rule for the perfectly competitive firm, what will be the price that is charged?
A) $50 per ticket
B) $45 per ticket
C) $40 per ticket
D) $35 per ticket
E) $30 per ticket
Correct Answer:
Verified
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