The Following Figure Shows the Revenue Curves of a Monopolist

Multiple Choice

The following figure shows the revenue curves of a monopolist:
Figure 11.6
D: Average revenue
MR: Marginal revenue
-In Figure 11.6, assume that marginal costs are constant at $2,500 and fixed costs are zero. What price and output level would result from perfect competition?

A) P = $2,500, Q = 400
B) P = $2,500, Q = 200
C) P = $5,000, Q = 0
D) P = $4,000, Q = 400
E) P = $4,000, Q = 200