Use the following to answer questions :
Table 9-1
-Consider the demand curve given in Table 9-1.If the imperfectly competitive firm is able to produce at any output level, then the price and quantity which maximize total revenue are:
A)P = 5; q = 8
B)P = 4; q = 12.
C)P = 3; q = 17.
D)P = 2; q = 22.
E)P = 1; q = 27.

Question

Use the following to answer questions :
Table 9-1 
-Consider the demand curve given in Table 9-1.If the imperfectly competitive firm is able to produce at any output level, then the price and quantity which maximize total revenue are:
A)P = 5; q = 8 
B)P = 4; q = 12. 
C)P = 3; q = 17. 
D)P = 2; q = 22. 
E)P = 1; q = 27.

Quizplus · Accepted Answer

The Answer of Use the following to answer questions :
Table 9-1 
-Consider the demand curve given in Table 9-1.If the imperfectly competitive firm is able to produce at any output level, then the price and quantity which maximize total revenue are:
A)P = 5; q = 8 
B)P = 4; q = 12. 
C)P = 3; q = 17. 
D)P = 2; q = 22. 
E)P = 1; q = 27.

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