Table 13-3 Table 13-3 Shows the Demand and Cost Schedules for a and Cost

Multiple Choice

Table 13-3

Table 13-3 shows the demand and cost schedules for a monopolistically competitive firm.
-Refer to Table 13-3.What are the profit-maximizing/loss-minimizing output level and price?

A) Q = 0 (firm should not produce)
B) Q = 3; P = $18
C) Q = 4; P = $17
D) Q = 5; P = $16