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Use the Following Diagram to Answer the Following Questions

Question 6

Multiple Choice

Use the following diagram to answer the following questions.
Use the following diagram to answer the following questions. -Refer to Diagram 5-1. What price should the monopolist charge? A) P₁. B) P₂. C) P<sub>3</sub>. D) a price between P₁ and P₂.
-Refer to Diagram 5-1. What price should the monopolist charge?


A) P₁.
B) P₂.
C) P3.
D) a price between P₁ and P₂.

Correct Answer:

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