-Use the above figure. The profit-maximizing price will be
A) P1.
B) P2.
C) P3.
D) P4.

Name: -Use the above figure. The profit-maximizing price will be A) P1. B) P2. C) P3. D) P4.
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Question

-Use the above figure. The profit-maximizing price will be
A) P1. 
B) P2. 
C) P3. 
D) P4.

Quizplus · Accepted Answer

The profit-maximizing price is where marginal cost (MC) equals marginal revenue (MR), which is depicted at price P3 in the given scenario.

-Use the Above Figure