The following figure shows the demand curve ES, the average cost curve AC, the marginal cost curve MC, and the marginal revenue curve MR for a firm.
Figure 8-1

-Refer to Figure 8-1. Under average-cost pricing, the equilibrium price and output in the market are _____, respectively.
A) B and R
B) A and T
C) C and Q
D) D and P
E) A and Q

Question

The following figure shows the demand curve ES, the average cost curve AC, the marginal cost curve MC, and the marginal revenue curve MR for a firm.
Figure 8-1
 
-Refer to Figure 8-1. Under average-cost pricing, the equilibrium price and output in the market are _____, respectively.
A) B and R 
B) A and T 
C) C and Q 
D) D and P 
E) A and Q

Quizplus · Accepted Answer

The Answer is A

The Following Figure Shows the Demand Curve ES, the Average