-Refer to the table above.If these data refer to a profit-maximizing monopolist,the price and quantity combination in this market is __________ whereas,if the data refer to a perfectly competitive firm,the price and quantity combination will be _________.
A) $8 per unit and 3 units;$8 per unit and 3 units
B) $6 per unit and 5 units;$8 per unit and 3 units
C) $6 per unit and 5 units;$6 per unit and 5 units
D) $7 per unit and 4 units;$6 per unit and 5 units
E) $8 per unit and 3 units;$6 per unit and 5 units

Question

-Refer to the table above.If these data refer to a profit-maximizing monopolist,the price and quantity combination in this market is __________ whereas,if the data refer to a perfectly competitive firm,the price and quantity combination will be _________.
A) $8 per unit and 3 units;$8 per unit and 3 units 
B) $6 per unit and 5 units;$8 per unit and 3 units 
C) $6 per unit and 5 units;$6 per unit and 5 units 
D) $7 per unit and 4 units;$6 per unit and 5 units 
E) $8 per unit and 3 units;$6 per unit and 5 units

Quizplus · Accepted Answer

The Answer of 
-Refer to the table above.If these data refer to a profit-maximizing monopolist,the price and quantity combination in this market is __________ whereas,if the data refer to a perfectly competitive firm,the price and quantity combination will be _________.
A) $8 per unit and 3 units;$8 per unit and 3 units 
B) $6 per unit and 5 units;$8 per unit and 3 units 
C) $6 per unit and 5 units;$6 per unit and 5 units 
D) $7 per unit and 4 units;$6 per unit and 5 units 
E) $8 per unit and 3 units;$6 per unit and 5 units

-Refer to the Table Above