Multiple Choice
The following figure shows the demand curve ES, the average cost curve AC, the marginal cost curve MC, and the marginal revenue curve MR for a firm.
Figure 8-1
-Refer to Figure 8-1. Under average-cost pricing, the equilibrium price and output in the market are _____, respectively.
A) B and R
B) A and T
C) C and Q
D) D and P
E) A and Q
Correct Answer:

Verified
Correct Answer:
Verified
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