Table 105 Table 10

Multiple Choice

Table 10.5 Table 10.5 shows the demand and cost data facing a monopolistically competitive producer of canvas bags.
-Refer to Table 10.5.The firm's profit-maximising or loss-minimising price and quantity are

A) price = $10; quantity = 5.
B) price = $12; quantity = 4.
C) The firm should shut down temporarily.
D) This cannot be determined from the information given.