Graph 15-2 
This graph reflects the cost and revenue structure for a monopoly firm.Use the graph to answer the following question(s) .
-Refer to Graph 15-2.The demand curve for a monopoly firm is depicted by curve:
Definitions:
Efficient
A state of productivity in which resources are used in the most cost-effective way without waste, achieving the highest possible output from a given input.
Equitable
Characterized by fairness or impartiality; just and right in considering the rights and responsibilities of all parties involved.
Efficiency
The extent to which resources are used optimally to achieve the desired output, often maximizing productivity while minimizing waste.
Output Market
A marketplace in which finished goods and services are traded, involving businesses selling to consumers or other businesses.
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