Figure: Prices, Cost Curves, and Profits
(Figure: Prices, Cost Curves, and Profits) Look at the figure Prices, Cost Curves, and Profits.If the price is P₂ and the firm is profit maximizing, then the firm's profit is:
A.(fg) × Q₃.
B.(de) × Q₂.
C.(fg) × Q₂.
D.(de) × P₂.

Question

Quizplus · Accepted Answer

The Answer of Figure: Prices, Cost Curves, and Profits
(Figure: Prices, Cost Curves, and Profits) Look at the figure Prices, Cost Curves, and Profits.If the price is P₂ and the firm is profit maximizing, then the firm's profit is:
A.(fg) × Q₃.
B.(de) × Q₂.
C.(fg) × Q₂.
D.(de) × P₂.