FIGURE 12-3
-Refer to Figure 12-3. If the diagram is depicting the market situation for a monopoly, the equilibrium price and quantity are
A) P1 and q1.
B) P1 and q2.
C) P2 and q1.
D) P2 and q2.
E) P3 and q1.

Question

FIGURE 12-3
-Refer to Figure 12-3. If the diagram is depicting the market situation for a monopoly, the equilibrium price and quantity are
A) P1 and q1. 
B) P1 and q2. 
C) P2 and q1. 
D) P2 and q2. 
E) P3 and q1.

Quizplus · Accepted Answer

The Answer of  FIGURE 12-3
-Refer to Figure 12-3. If the diagram is depicting the market situation for a monopoly, the equilibrium price and quantity are
A) P1 and q1. 
B) P1 and q2. 
C) P2 and q1. 
D) P2 and q2. 
E) P3 and q1.

FIGURE 12-3 -Refer to Figure 12-3. If the Diagram Is Depicting the Depicting