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P 24 MG 22 20 18 16 14 12 10 ATC LAVE MR 2 13 5 6 7 8 9 18 Refer to the above

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P 24 MG 22 20 18 16 14 12 10 ATC LAVE MR 2 13 5 6 7 8 9 18 Refer to the above graph, To maximize profits the firm should set price equal to approximately 11, selling approximately 4.5 units, and earning a profit of approximately $18 B 11. selling approximately 4.5 units, and earning a profit of approximately $36. C 11. selling approximately 4 units, and earning a profit of approximately $4. D 10, selling approximately 4 units, and earning a profit of approximately $6. E 12, selling approximately 4 units, and earning a profit of approximately $2

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