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Use the Following Table to Answer the Question : Table

Question 53

Multiple Choice

Use the following table to answer the question : Table 15-1: shows the marginal cost [MC],marginal revenue [FH],and demand [FG] curves for a monopolist who faces constant costs.
Figure 15-1 Use the following table to answer the question : Table 15-1: shows the marginal cost [MC],marginal revenue [FH],and demand [FG] curves for a monopolist who faces constant costs. Figure 15-1 -Refer to Figure 15-1.The monopolist produces output equal to _____ in equilibrium. A) Q<sub>2</sub> B) Q<sub>1</sub> C) Q<sub>3</sub> D) Q<sub>4</sub>
-Refer to Figure 15-1.The monopolist produces output equal to _____ in equilibrium.


A) Q2
B) Q1
C) Q3
D) Q4

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