Good Y A E D IC 3 C IC 2 IC 1 Good X 16. Refer to Figure 13-2. Which of the following correctly describes a consumer's preference? a. Point A is preferred equally to point E. mioq )1 8-Et eupl of b. The bundles along indifference curve /C1 are preferred to those along edw a indifference curve IC2. c. The bundle associated with point B contains more good X than that associated with point C. 100;0 d. Point A is preferred equally to point C. 17. Which of these situations produces the largest profits for oligopolists? a. when they reach the perfectly competitive outcome. b. when they reach a Nash equilibrium. c. when they reach the monopoly outcome. d. when they produce a quantity of output that lies between the perfectly competitive outcome and the monopoly outcome