The Following Question Are Based on the Following Graph Showing

question 41

Multiple Choice

The following question are based on the following graph showing the demand and cost curves of a regulated monopolist. Assume the cost curves include provisions for "fair" rates of return.

-This regulated price ensures that the output rate is

• A) higher than if the monopolist were unregulated.
• B) lower than if the monopolist were unregulated.
• C) the same as if the monopolist were unregulated, but the price would be lower.
• D) the same as if the industry were perfectly competitive.
• E) impossible to determine from the graph.

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