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Figure 15-16 Figure 15-16 Shows the Market Demand and Cost

Question 253

Multiple Choice

Figure 15-16 Figure 15-16 Figure 15-16 shows the market demand and cost curves facing a natural monopoly. -Refer to Figure 15-16. In the absence of any government regulation, the profit-maximizing owners of this firm will produce ________ units and charge a price of ________. A) Q<sub>0</sub> units; P<sub>0</sub> B) Q<sub>2</sub> units; P<sub>2</sub> C) Q<sub>1</sub> units; P<sub>4</sub> D) Q<sub>3 </sub>units; P<sub>3</sub> Figure 15-16 shows the market demand and cost curves facing a natural monopoly.
-Refer to Figure 15-16. In the absence of any government regulation, the profit-maximizing owners of this firm will produce ________ units and charge a price of ________.


A) Q0 units; P0
B) Q2 units; P2
C) Q1 units; P4
D) Q3 units; P3

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