Multiple Choice
Refer to the information provided in Table 8.7 below to answer the following question(s) .
Table 8.7
-Refer to Table 8.7. Assume that fruit baskets are sold in a perfectly competitive market. The market price of a fruit basket is $15. To maximize profits, Exotic Fruit should sell ________ fruit baskets and their profit is ________.
A) zero; $0
B) two; -$35
C) three; -$26
D) five; -$21
Correct Answer:

Verified
Correct Answer:
Verified
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