Use the Figure Below to Answer the Following Questions

question 57

Multiple Choice

Use the figure below to answer the following questions.

Figure 13.3.1
-Refer to Figure 13.3.1.If this market were perfectly competitive,the output level would exceed the single-price monopoly output level by

• A)20 units.
• B)40 units.
• C)60 units.
• D)zero.The perfectly competitive firm and the single-price monopoly produce the same quantity because marginal cost is constant.
• E)30 units.

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