-In the figure above, the single-price, unregulated monopoly sets a price of
A) $80 per unit.
B) $60 per unit.
C) $40 per unit.
D) $0 per unit.

Question

-In the figure above, the single-price, unregulated monopoly sets a price of
A) $80 per unit. 
B) $60 per unit. 
C) $40 per unit. 
D) $0 per unit.

Quizplus · Accepted Answer

In a single-price, unregulated monopoly, the price is set where marginal revenue equals marginal cost. Typically, this price is higher than the competitive market price, and $60 per unit is a common price point for such a scenario.

-In the Figure Above, the Single-Price, Unregulated Monopoly Sets a Price