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Figure 99 Figure 9

Question 141

Multiple Choice

Figure 9.9 Figure 9.9 Figure 9.9 shows the demand and cost curves for a monopolist. -Refer to Figure 9.9.The difference between the monopoly's price and the perfectly competitive industry's price is A) The monopoly's price is higher by $9.50. B) The monopoly's price is higher by $13. C) The monopoly's price is higher by $3.50. D) The monopoly's price is higher by $21. Figure 9.9 shows the demand and cost curves for a monopolist.
-Refer to Figure 9.9.The difference between the monopoly's price and the perfectly competitive industry's price is


A) The monopoly's price is higher by $9.50.
B) The monopoly's price is higher by $13.
C) The monopoly's price is higher by $3.50.
D) The monopoly's price is higher by $21.

Correct Answer:

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