Use the Following Table to Answer the Question : Table

Multiple Choice

Use the following table to answer the question : Table 15-3: shows the average cost [AC],marginal cost [MC],and demand [D] curves for a natural monopoly;Qi denotes quantity and Pi denotes price.
-In Figure 15-3,if the maximum price allowed in the market is P₁,output levels below Q₁ will:

A) yield more economic profit than at Q₁.
B) yield positive but lesser economic profit than at Q₁.
C) yield negative economic profit.
D) yield zero economic profit.