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The Following Figure Shows the Demand Curve ES, the Average

Question 39

Multiple Choice

The following figure shows the demand curve ES, the average cost curve AC, the marginal cost curve MC, and the marginal revenue curve MR for a firm.
Figure 8-1
The following figure shows the demand curve ES, the average cost curve AC, the marginal cost curve MC, and the marginal revenue curve MR for a firm. Figure 8-1 -Refer to Figure 8-1. If the regulator institutes marginal-cost pricing in the market, then: A) MC = AC. B) P = AC. C) MR = MC. D) P = MC > AC. E) P = MC < AC.
-Refer to Figure 8-1. If the regulator institutes marginal-cost pricing in the market, then:


A) MC = AC.
B) P = AC.
C) MR = MC.
D) P = MC > AC.
E) P = MC < AC.

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