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Industry Profits Are Maximized in the Figure Below

Question 58

Multiple Choice

Industry profits are maximized in the figure below:
Industry profits are maximized in the figure below: A) only at point Q<sup>M</sup><sub>1</sub>. B) only at point Q<sup>M</sup><sub>2</sub>. C) on the line segment joining points Q<sup>M</sup><sub>1</sub> and Q<sup>M</sup><sub>2</sub>. D) at the point where r<sub>1</sub> = r<sub>2</sub>.


A) only at point QM1.
B) only at point QM2.
C) on the line segment joining points QM1 and QM2.
D) at the point where r1 = r2.

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