Solved

-Use the Above Figure $\mathrm { Q } _ { 1 }$

Question 86

Multiple Choice

$-Use the above figure.If a commission regulates the above monopoly using fair-return (average cost pricing) ,then the industry's output will be ________ and the product's price will be ________. A) \mathrm { Q } _ { 1 } ; P _ { 1 } B) \mathrm { Q } _ { 2 } ; \mathrm { P } _ { 3 } C) \mathrm { Q } _ { 3 } ; P _ { 2 } D) \mathrm { Q } _ { 4 } ; P _ { 1 }$
-Use the above figure.If a commission regulates the above monopoly using fair-return (average cost pricing) ,then the industry's output will be ________ and the product's price will be ________.

A) $\mathrm { Q } _ { 1 }$ ;
$P _ { 1 }$
B) $\mathrm { Q } _ { 2 }$ ;
$\mathrm { P } _ { 3 }$
C) $\mathrm { Q } _ { 3 }$ ;
$P _ { 2 }$
D) $\mathrm { Q } _ { 4 }$ ;
$P _ { 1 }$