Refer to the graph shown. If this monopolist were forced to set price equal to marginal cost, in the long run it probably would produce: 
Definitions:
Equitable
Characterized by fairness and impartiality; ensuring just treatment or distribution of resources without favoritism or discrimination.
Externalities
Economic side effects or by-products that affect an uninvolved third party; can be either positive or negative.
Pareto Efficient
A circumstance in resource distribution where any improvement for one individual means a disadvantage for at least another.
Underprivileged Youth
Young individuals who lack the social, economic, and educational advantages of their peers.
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