Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. Figure 13.9
-Refer to Figure 13.9. Under monopoly, the level of electricity production is ________ megawatts.
A) 500
B) 600
C) 800
D) 1200

Question

Refer to the information provided in Figure 13.9 below to answer the question(s) that follow.  Figure 13.9
-Refer to Figure 13.9. Under monopoly, the level of electricity production is ________ megawatts.
A) 500 
B) 600 
C) 800 
D) 1200

Quizplus · Accepted Answer

In a monopoly, the firm produces where marginal cost equals marginal revenue. According to Figure 13.9, this occurs at 500 megawatts.

Refer to the Information Provided in Figure 13