Use the Following Figure to Answer the Question : Figure

question 70

Multiple Choice

Use the following figure to answer the question : Figure 11-6 : shows the profit-maximizing output of a monopolist who faces constant average and marginal costs.
-Refer to Figure 11-6.If the firm were operating in a perfectly competitive market,the equilibrium quantity would be _____.

• A)OH
• B)OQ''
• C)OQ
• D)OQ'

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Taxes

Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

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The value of a company distributed among its owners or shareholders, representing their ownership interest in the company.

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