Suppose a firm can practice? perfect, first-degree price discrimination. What is the lowest price it will? charge, and what will its total output?be?
The lowest price and total output will occur at the point where
A. The marginal cost curve intersects the marginal expenditure curve.
B. The marginal cost curve intersects the demand curve.
C. The average cost curve intersects the demand curve.
D. The marginal revenue curve intersects the marginal cost curve.
E. The demand curve intersects the supply curve.