If the industry depicted in this graph were served by a pure monopoly, the price and output quantity would be
A)P₃ and Q₁.
B)P₁ and Q₃.
C)P₂ and Q₂.
D)P₁ and Q₁.

Question

If the industry depicted in this graph were served by a pure monopoly, the price and output quantity would be
A)P₃ and Q₁. 
B)P₁ and Q₃. 
C)P₂ and Q₂. 
D)P₁ and Q₁.

Quizplus · Accepted Answer

The Answer of  If the industry depicted in this graph were served by a pure monopoly, the price and output quantity would be
A)P₃ and Q₁. 
B)P₁ and Q₃. 
C)P₂ and Q₂. 
D)P₁ and Q₁.

If the Industry Depicted in This Graph Were Served by a Pure