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Figure 10-7 Given the Cost and Demand Conditions Shown in Figure 10-7

Question 159

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Figure 10-7 Figure 10-7 Given the cost and demand conditions shown in Figure 10-7 for the competitive price-searcher firm, what price should it charge, and what quantity should it produce in order to maximize profit? A) It should produce 10 units and charge a price of $5 per unit. B) It should produce 10 units and charge a price of $8 per unit. C) It should produce 10 units and charge a price of $10 per unit. D) It should produce 18 units and charge a price of $7 per unit.
Given the cost and demand conditions shown in Figure 10-7 for the competitive price-searcher firm, what price should it charge, and what quantity should it produce in order to maximize profit?


A) It should produce 10 units and charge a price of $5 per unit.
B) It should produce 10 units and charge a price of $8 per unit.
C) It should produce 10 units and charge a price of $10 per unit.
D) It should produce 18 units and charge a price of $7 per unit.

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