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-Refer to the Table Above

Question 95

Multiple Choice

  -Refer to the table above.If these data refer to a profit-maximizing monopolist,the price and quantity combination in this market is __________ whereas,if the data refer to a perfectly competitive firm,the price and quantity combination will be _________. A)  $8 per unit and 3 units;$8 per unit and 3 units B)  $6 per unit and 5 units;$8 per unit and 3 units C)  $6 per unit and 5 units;$6 per unit and 5 units D)  $7 per unit and 4 units;$6 per unit and 5 units E)  $8 per unit and 3 units;$6 per unit and 5 units
-Refer to the table above.If these data refer to a profit-maximizing monopolist,the price and quantity combination in this market is __________ whereas,if the data refer to a perfectly competitive firm,the price and quantity combination will be _________.


A) $8 per unit and 3 units;$8 per unit and 3 units
B) $6 per unit and 5 units;$8 per unit and 3 units
C) $6 per unit and 5 units;$6 per unit and 5 units
D) $7 per unit and 4 units;$6 per unit and 5 units
E) $8 per unit and 3 units;$6 per unit and 5 units

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