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Refer to the Following Figure

Question 101

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Refer to the following figure:
Refer to the following figure:     The figure above shows the demand and cost curves facing a price-setting firm. -In profit-maximizing (or loss-minimizing)  equilibrium, the price-setting firm earns $______ in total revenue, which is ___________ the maximum possible total revenue of $________. A)  $7,500; equal to; $7,500 B)  $8,000; more than; $7,500 C)  $7,650; less than; $8,000 D)  $8,000; equal to; $8,000 E)  $7,500; less than; $8,000
The figure above shows the demand and cost curves facing a price-setting firm.
-In profit-maximizing (or loss-minimizing) equilibrium, the price-setting firm earns $______ in total revenue, which is ___________ the maximum possible total revenue of $________.


A) $7,500; equal to; $7,500
B) $8,000; more than; $7,500
C) $7,650; less than; $8,000
D) $8,000; equal to; $8,000
E) $7,500; less than; $8,000

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