The Diagram Below Shows the Market Demand Curve and the Cost

question 81

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 the firm is being regulated using a policy of average-cost pricing.The resulting price and output would be

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

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