Referring to Figure 6.1, assume that Boeing is the first to enter the Canadian market. Without a governmental subsidy, the firm maximizes profits by selling ______________ aircraft at a price of $______________, and realizes profits totaling $______________.





a. 4, $12 million, $16 million

b. 4, $16 million, $12 million

c. 8, $12 million, $16 million

d. 8, $16 million, $12 million


a. 4, $12 million, $16 million

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What will be an ideal response?

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