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Question 148

Multiple Choice

Use the following to answer question:
Figure: The Monopolist Use the following to answer question: Figure: The Monopolist -(Figure: The Monopolist) Use Figure: The Monopolist.If this market became perfectly competitive,total market production in the long run would be _____ units and the market price would be _____. A) Q<sub>1</sub>;P<sub>1</sub> B) Q<sub>2</sub>;P<sub>2</sub> C) Q<sub>3</sub>;P<sub>3</sub> D) Q<sub>2</sub>;P<sub>4</sub>
-(Figure: The Monopolist) Use Figure: The Monopolist.If this market became perfectly competitive,total market production in the long run would be _____ units and the market price would be _____.


A) Q1;P1
B) Q2;P2
C) Q3;P3
D) Q2;P4

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