Exhibit 9.12 -Refer to Exhibit 9.12,which Shows the Cost and Revenue Curves

Exhibit 9.12


-Refer to Exhibit 9.12,which shows the cost and revenue curves faced by a profit-maximizing monopolist.Equilibrium in perfect competition occurs at point ____; for the monopoly,it occurs at point _____.

A) a; b
B) a; c
C) b; a
D) b; c
E) c; b