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
Correct Answer:

Verified
Correct Answer:
Verified
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