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Refer to Figure 26

Question 71

Multiple Choice

Refer to Figure 26.1 for a monopolistically competitive firm. The profit-maximizing output and price combination for this firm in the short run is A) Q<sub>1</sub>, P<sub>1</sub>. B) Q<sub>2</sub>, P<sub>4</sub>. C) Q<sub>2</sub>, P<sub>1</sub>. D) Q<sub>4</sub>, P<sub>3</sub>. Refer to Figure 26.1 for a monopolistically competitive firm. The profit-maximizing output and price combination for this firm in the short run is


A) Q1, P1.
B) Q2, P4.
C) Q2, P1.
D) Q4, P3.

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