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Figure 15-12 Figure 15-12 Shows the Cost and Demand Curves for a and Demand

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Figure 15-12
Figure 15-12     Figure 15-12 shows the cost and demand curves for a monopolist. -Refer to Figure 15-12.If this industry was organized as a perfectly competitive industry, the market output and market price would be A) output = 62; price = $24. B) output = 83; price = $22. C) output = 62; price = $18. D) output = 104; price = $20.80.
Figure 15-12 shows the cost and demand curves for a monopolist.
-Refer to Figure 15-12.If this industry was organized as a perfectly competitive industry, the market output and market price would be

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