Refer to the following table. Imagine there are two cities (City A and City R) and you are the only provider of ice cream sandwiches for both. Use this information to answer the following questions:
-If a company is a profit-maximizing firm and can charge a single price in both cities,how much would its profit be?
A) $6
B) $20
C) $25
D) $60
E) $64
Correct Answer:
Verified
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