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The Following Graph Shows the Market Demand and Average Cost

question 91

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The following graph shows the market demand and average cost curve for electricity (in millions of kilowatts) in an urban centre:
The following graph shows the market demand and average cost curve for electricity (in millions of kilowatts) in an urban centre:    -Refer to the above graph to answer this question.Suppose that the price is $3,and the market is served by a monopolist.What quantity will be sold,and what will be the total profit or loss? A) 75 and $0. B) 80 and $40. C) 100 and $100. D) 110 and $0. E) 110 and $27.50.
-Refer to the above graph to answer this question.Suppose that the price is $3,and the market is served by a monopolist.What quantity will be sold,and what will be the total profit or loss?


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