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Question 97

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Figure: A Rock Climbing Shoe Monopoly Use the following to answer questions: Figure: A Rock Climbing Shoe Monopoly -(Figure: A Rock Climbing Shoe Monopoly) Look at the figure A Rock Climbing Shoe Monopoly. If the firm is regulated such that it earns zero economic profit, the firm will sell _____ pairs of shoes at a price of _____ per pair. A) Q<sub>1</sub>; P<sub>1</sub> B) Q<sub>2</sub>; P<sub>1</sub> C) Q<sub>4</sub>; P<sub>3</sub> D) Q<sub>3</sub>; P<sub>2</sub>
-(Figure: A Rock Climbing Shoe Monopoly) Look at the figure A Rock Climbing Shoe Monopoly. If the firm is regulated such that it earns zero economic profit, the firm will sell _____ pairs of shoes at a price of _____ per pair.


A) Q1; P1
B) Q2; P1
C) Q4; P3
D) Q3; P2

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