The Figure Below Contains Information on the Cost and Revenue

question 20

Multiple Choice

The figure below contains information on the cost and revenue curves facing a regulated monopoly. Based on the figure, the socially efficient level of output would occur where _____.Figure 8-8​

• A)price equals average total cost at Q₃
• B)price equals marginal cost at Q₄
• C)price equals marginal revenue at Q₁
• D)marginal revenue equals marginal cost at Q₂
• E)marginal revenue equals average cost at Q₂

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