Use the Following Table to Answer the Question : Table

question 42

Multiple Choice

Use the following table to answer the question : Table 15-3: shows the average cost [AC],marginal cost [MC],and demand [D] curves for a natural monopoly;Qi denotes quantity and Pi denotes price.
-Refer to Figure 15-3.If the firm practices marginal-cost pricing,the equilibrium price would be _____.

• A)P₁
• B)P2
• C)P₃
• D)P₄

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