The Following Graph Gives Cost and Revenue Data for a Monopolist

question 51

Multiple Choice

The following graph gives cost and revenue data for a monopolist:

-Refer to the above graph to answer this question.If the monopolist is regulated and forced to charge the socially optimum price,what will be its price and output?

• A)$10 and 70.
• B)$25 and 110.
• C)$30 and 100.
• D)$45 and 70.
• E)$60 and 40.

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Definitions:

Collection Policy

A set of guidelines and procedures followed by a business to collect accounts receivable or outstanding debts from clients or customers.

Collection Policy

A collection policy outlines the procedures a company uses to collect accounts receivable, including timelines, communication strategies, and actions for overdue payments.

Accounts Receivables

The amount of money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Payables Policy

A company's set of guidelines or practices for managing its accounts payable, including terms of payment and prioritizing of payments.