Figure 15-15 Shows the Cost and Demand Curves for the Erickson

question 19

Multiple Choice

Figure 15-15 shows the cost and demand curves for the Erickson Power Company.
-Refer to Figure 15-15.If the government regulates Erickson Power Company so that the firm can earn a normal profit,the price would be set at ________ and the output level is ________.

• A)P1,Q4
• B)P2,Q3
• C)P2,Q2
• D)P3,Q2

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