If the industry depicted in the graph is purely monopolistic, the profit-maximizing price and quantity will be
A)P₃ and Q₃.
B)P₁ and Q₁.
C)P₂ and Q₂.
D)indeterminate on the basis of the information given.

Question

If the industry depicted in the graph is purely monopolistic, the profit-maximizing price and quantity will be
A)P₃ and Q₃. 
B)P₁ and Q₁. 
C)P₂ and Q₂. 
D)indeterminate on the basis of the information given.

Quizplus · Accepted Answer

The Answer of  If the industry depicted in the graph is purely monopolistic, the profit-maximizing price and quantity will be
A)P₃ and Q₃. 
B)P₁ and Q₁. 
C)P₂ and Q₂. 
D)indeterminate on the basis of the information given.

If the Industry Depicted in the Graph Is Purely Monopolistic