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Use the Figure to Answer the Following Question(s)

Question 75

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Use the figure to answer the following question(s) .
Figure 11-6
Use the figure to answer the following question(s) . Figure 11-6 If the output in the industry is produced by a monopolist, at what price will the good sell and what quantity will be produced in Figure 11-6? A) price, P <sub>1</sub>; quantity produced, Q <sub>1</sub> B) price, P <sub>2</sub>; quantity produced, Q <sub>2</sub> C) price, P <sub>3</sub>; quantity produced, Q <sub>1</sub> D) price, P <sub>3</sub>; quantity produced, Q <sub>2</sub>
If the output in the industry is produced by a monopolist, at what price will the good sell and what quantity will be produced in Figure 11-6?


A) price, P 1; quantity produced, Q 1
B) price, P 2; quantity produced, Q 2
C) price, P 3; quantity produced, Q 1
D) price, P 3; quantity produced, Q 2

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