Multiple Choice
The following figure shows the downward sloping demand and marginal revenue [MR] curves of a monopolist.The MR curve intersects the marginal cost [MC] curve at point B.MC is constant at the price level P1. ![The following figure shows the downward sloping demand and marginal revenue [MR] curves of a monopolist.The MR curve intersects the marginal cost [MC] curve at point B.MC is constant at the price level P<sub>1</sub>. In Figure 12-1,if the monopolist cannot price discriminate it will produce: A) Q<sub>2</sub> and sell at price P<sub>1</sub>. B) Q<sub>2</sub> and sell at price P<sub>2</sub>. C) Q<sub>1</sub> and sell at price P<sub>1</sub>. D) Q<sub>1</sub> and sell at price P<sub>2</sub>.](https://d2lvgg3v3hfg70.cloudfront.net/TB1826/11ea857e_d7b5_c9dc_a433_3154ef36de27_TB1826_00_TB1826_00.jpg)
In Figure 12-1,if the monopolist cannot price discriminate it will produce:
A) Q2 and sell at price P1.
B) Q2 and sell at price P2.
C) Q1 and sell at price P1.
D) Q1 and sell at price P2.
Correct Answer:
Verified
Correct Answer:
Verified
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