Figure 10-12 Figure 10-12 Shows the Cost and Demand Curves

question 168

Multiple Choice

Figure 10-12
Figure 10-12 shows the cost and demand curves for a monopolist.
-Refer to Figure 10-12.If this industry was organized as a perfectly competitive industry,the market output and market price would be

• A) output = 62; price = $24.
• B) output = 83; price = $22.
• C) output = 62; price = $18.
• D) output = 104; price = $20.80.

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