Refer to the accompanying figure to answer the questions that follow.
-The profit-maximizing price and quantity are:
A) $25 and 1,000, respectively.
B) $40 and 1,500, respectively.
C) $45 and 1,500, respectively.
D) $50 and 1,000, respectively.
E) $70 and 1,000, respectively.
Correct Answer:
Verified
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