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-Use the Above Figure

Question 273

Multiple Choice

-Use the above figure. If a commission regulates the above monopoly using fair-return (average cost pricing) , then the industry's output will be ________ and the product's price will be ________. A) Q1; P1 B) Q2; P3 C) Q3; P2 D) Q4; P1
-Use the above figure. If a commission regulates the above monopoly using fair-return (average cost pricing) , then the industry's output will be ________ and the product's price will be ________.


A) Q1; P1
B) Q2; P3
C) Q3; P2
D) Q4; P1

Correct Answer:

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