Multiple Choice
Use the figure to answer the following question(s) .
Figure 11-1
-If a regulatory agency were using the "normal return" (zero economic profit) criteria to impose a price on a monopolist with the cost and demand conditions depicted in Figure 11-1, what price would the regulators set, and what output would the monopolist produce?
A) price A and output T
B) price B and output S
C) price B and output R
D) price C and output R
Correct Answer:

Verified
Correct Answer:
Verified
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