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The Following Figure Shows Revenue and Cost Curves of a Monopolist.Figure

question 32

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The following figure shows revenue and cost curves of a monopolist.Figure 11.8
The following figure shows revenue and cost curves of a monopolist.Figure 11.8    AR: Average revenue curve MR: Marginal revenue curve MC: Marginal cost curve -According to Figure 11.8, what will be the price charged by a perfectly competitive firm? A) P<sub>4</sub> B) P<sub>3</sub> C) P<sub>2</sub> D) P<sub>1</sub> E) 0 AR: Average revenue curve
MR: Marginal revenue curve
MC: Marginal cost curve
-According to Figure 11.8, what will be the price charged by a perfectly competitive firm?


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