Use the Following Table to Answer the Question : Table

question 53

Multiple Choice

Use the following table to answer the question : Table 15-1: shows the marginal cost [MC],marginal revenue [FH],and demand [FG] curves for a monopolist who faces constant costs.
Figure 15-1
-Refer to Figure 15-1.The monopolist produces output equal to _____ in equilibrium.

• A)Q₂
• B)Q₁
• C)Q₃
• D)Q₄

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