Figure 10-2 Figure 10-2 Above Shows the Demand and Cost

question 32

Multiple Choice

Figure 10-2 Figure 10-2 above shows the demand and cost curves facing a monopolist.
-Refer to Figure 10-2.What happens to the monopolist represented in the diagram in the long run?

• A)It will raise its price at least until it breaks even.
• B)If the cost and demand curves remain the same,it will exit the market.
• C)The government will subsidize the monopoly to enable it to break even.
• D)It will be forced out of business by more efficient producers.

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