-Use the Above Figure $\mathrm { Q } _ { 4 }$

Multiple Choice

-Use the above figure.A regulatory commission sets the maximum price this monopolist can charge at P₁.If this monopolist were to produce,it

A) would produce $\mathrm { Q } _ { 4 }$ output and generate losses.
B) would produce $\mathrm { Q } _ { 4 }$ output and generate profits.
C) would produce $\mathrm { Q } _ { 2 }$ output and generate losses.
D) would produce $\mathrm { Q } _ { 2 }$ output and generate profits.