Multiple Choice
To maximize its profit,the firm in the figure above will produce ________ jeans and set a price ________ per pair of jeans.
A) 150;between $50 and $25
B) 125;$25
C) 125;$50
D) 125;$75
E) None of the above answers are correct.
Correct Answer:
Verified
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A) always efficient.
B) efficient only if
