If the industry depicted in the graph comprises only one seller, the profit-maximizing price and quantity will be
A)P₃ and Q₃.
B)P₁ and Q₃.
C)P₂ and Q₂.
D)indeterminate on the basis of the information given.

Question

If the industry depicted in the graph comprises only one seller, the profit-maximizing price and quantity will be
A)P₃ and Q₃. 
B)P₁ and Q₃. 
C)P₂ and Q₂. 
D)indeterminate on the basis of the information given.

Quizplus · Accepted Answer

The Answer of  If the industry depicted in the graph comprises only one seller, the profit-maximizing price and quantity will be
A)P₃ and Q₃. 
B)P₁ and Q₃. 
C)P₂ and Q₂. 
D)indeterminate on the basis of the information given.

If the Industry Depicted in the Graph Comprises Only One