Figure 11-1 -The Red Cross Is Virtually the Only Operator of Blood

Multiple Choice

Figure 11-1
-The Red Cross is virtually the only operator of blood banks in the United States.In Figure 11-1 are the demand and cost curves facing the Red Cross blood bank.If the Red Cross were to set price and quantity at the level that it would obtain in the long run in a competitive industry, how much blood would it sell?

A) OA
B) OB
C) OD
D) OC