Multiple Choice
Use the following to answer questions:
Figure: Light Bulbs
-(Figure: Light Bulbs) In this diagram, Firm 1 (MC1) and Firm 2 (MC2) are each making 100 million light bulbs. How many light bulbs should each firm make to minimize total production costs while maintaining the same total output?
A) Firm 1: 40 million; Firm 2: 40 million
B) Firm 1: 20 million; Firm 2: 30 million
C) Firm 1: 80 million; Firm 2: 120 million
D) Firm 1: 120 million; Firm 2: 80 million
Correct Answer:

Verified
Correct Answer:
Verified
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