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The Accompanying Figure Shows the Demand Curve, Marginal Revenue Curve

Question 93

Multiple Choice

The accompanying figure shows the demand curve, marginal revenue curve, marginal cost curve and average total cost curve for a monopolist. The accompanying figure shows the demand curve, marginal revenue curve, marginal cost curve and average total cost curve for a monopolist. The socially optimal level of output is: A) 4 units per day. B) 5 units per day. C) 8 units per day. D) 10 units per day. The socially optimal level of output is:


A) 4 units per day.
B) 5 units per day.
C) 8 units per day.
D) 10 units per day.

Correct Answer:

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