Use the figure to answer the following question(s) .
Figure 11-7
If the output in the industry is produced by a monopolist, at what price will the good sell and what quantity will be produced in Figure 11-7?
A) price, $7; quantity produced, 100
B) price, $10; quantity produced, 170
C) price, $14; quantity produced, 100
D) price, $7; quantity produced, 200
Correct Answer:
Verified
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