The Figure Given Below Shows the Demand Curves of Two

question 58

Multiple Choice

The figure given below shows the demand curves of two classes of buyers, for tickets to a football match.Figure 11.4
D₁: Demand curve of group 1
D₂: Demand curve of group 2
MR₁: Marginal revenue of group 1
MR₂: Marginal revenue of group 2
MC: Marginal cost
-Compared with a perfectly competitive market with similar cost conditions, a monopolist will have:

• A)a higher output and a lower price.
• B)a lower output and a lower price.
• C)equal output and a higher price.
• D)a lower output and a higher price.

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