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The Following Figure Shows the Costs and Revenue Curves of a Firm

Question 3

Multiple Choice

The following figure shows the costs and revenue curves of a firm in a monopoly market.
The following figure shows the costs and revenue curves of a firm in a monopoly market. -Refer to the figure above.If the government decides to regulate this market at the socially optimal price level,it mandates the monopolist to sell its product at the price of ________. A) $2 B) $5 C) $3 D) $10
-Refer to the figure above.If the government decides to regulate this market at the socially optimal price level,it mandates the monopolist to sell its product at the price of ________.


A) $2
B) $5
C) $3
D) $10

Correct Answer:

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