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Use the Following Figure to Answer the Question : Figure

Question 70

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Use the following figure to answer the question : Figure 11-6 : shows the profit-maximizing output of a monopolist who faces constant average and marginal costs. Use the following figure to answer the question : Figure 11-6 : shows the profit-maximizing output of a monopolist who faces constant average and marginal costs.   -Refer to Figure 11-6.If the firm were operating in a perfectly competitive market,the equilibrium quantity would be _____. A) OH B) OQ'' C) OQ D) OQ'
-Refer to Figure 11-6.If the firm were operating in a perfectly competitive market,the equilibrium quantity would be _____.


A) OH
B) OQ''
C) OQ
D) OQ'

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