A Firm Faces the Demand for Its Product $P = 100 - 0.5 Q$

Multiple Choice

A firm faces the demand for its product, $P = 100 - 0.5 Q$ ,as shown in the figure below.It produces under conditions of constant costs in the long run,and LMC = LAC = $12 per unit. If the firm must set a uniform price for the good,what price will it set to maximize its profit in the long run?

A) $12
B) $24
C) $25
D) $30
E) none of the above