Multiple Choice
Use the figure below to answer the following questions. 
Figure 12.4.2
-If a firm practises perfect price discrimination,
A) its marginal cost curve is horizontal.
B) it maximizes total revenue.
C) it does not produce the quantity at which marginal revenue equals marginal cost.
D) it produces the quantity at which the marginal revenue curve intersects the average total cost curve.
E) it produces the quantity at which the marginal cost curve intersects the demand curve.
Correct Answer:
Verified
Correct Answer:
Verified
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