Multiple Choice
A firm faces the demand for its product,
, as shown in the figure below. It produces under conditions of constant costs in the long run, and LMC = LAC = $12 per unit. Answer Questions . 
-A firm faces the demand and cost conditions for its product given in the figure. 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
Correct Answer:
Verified
Correct Answer:
Verified
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