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Use the Figure Below to Answer the Following Question

Question 87

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Use the figure below to answer the following question.
Use the figure below to answer the following question. Figure 13.1.1 -Refer to Figure 13.1.1. 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.
Figure 13.1.1
-Refer to Figure 13.1.1. 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.

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