The Diagram Below Shows the Market Demand Curve and the Cost

question 70

Multiple Choice

The diagram below shows the market demand curve and the cost curves for a single firm.
FIGURE 12-6
-Refer to Figure 12-6.Suppose this firm is being regulated using the policy of marginal-cost pricing.The resulting price and output would be

• A)P2 and Q2.
• B)P3 and Q1.
• C)P1 and Q2.
• D)P3 and Q2.
• E)P1 and Q1.

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