Multiple Choice
Use the figure below to answer the following question. 
Figure 12.1.1
-Refer to Figure 12.1.1.The quantity demanded by the market is 8 million cubic metres a month.This market is
A) a legal monopoly.
B) served by a perfect price discriminating monopoly.
C) served by many firms each making an economic profit.
D) served by many firms each incurring an economic loss.
E) a natural monopoly.
Correct Answer:
Verified
Correct Answer:
Verified
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