Use the following to answer questions:
Figure: A Rock Climbing Shoe Monopoly
-(Figure: A Rock Climbing Shoe Monopoly) Look at the figure A Rock Climbing Shoe Monopoly. If the firm is regulated such that it earns zero economic profit, the firm will sell _____ pairs of shoes at a price of _____ per pair.
A) Q1; P1
B) Q2; P1
C) Q4; P3
D) Q3; P2
Correct Answer:
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