Figure 10.4.2 -Refer to Figure 10.4.2 Above. Suppose That the Government Decides

Multiple Choice

Figure 10.4.2
-Refer to Figure 10.4.2 above. Suppose that the government decides to limit monopoly power with price regulation. If the government sets the price at the competitive level, it will set the price at:

A) P1.
B) P2.
C) P3.
D) P4.
E) none of the above