-Refer to the diagram above.If left unregulated,the firm would produce __________ units and charge a price of __________.
A) Q2;P2
B) Q1;P1
C) Q3;P3
D) Q1;P3
E) Q4;P1

Question

-Refer to the diagram above.If left unregulated,the firm would produce __________ units and charge a price of __________.
A) Q2;P2 
B) Q1;P1 
C) Q3;P3 
D) Q1;P3 
E) Q4;P1

Quizplus · Accepted Answer

In an unregulated monopoly, the firm maximizes profit where marginal cost (MC) equals marginal revenue (MR). This typically occurs at quantity Q1 and price P1 on a standard demand curve.

-Refer to the Diagram Above