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. The efficient level of output in the market is:
A) R - P.
B) R.
C) Q.
D) P.
E) T.

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. The efficient level of output in the market is:
A) R - P. 
B) R. 
C) Q. 
D) P. 
E) T.

Quizplus · Accepted Answer

The Answer is E

The Following Figure Shows the Demand Curve ES, the Average