Exhibit 9-7 Monopolist

If the profit-maximizing monopoly in Exhibit 9-7 becomes a profit-maximizing perfectly competitive market, the price will go from
A) $8 to $6.
B) $10 to $8.
C) $10 to $6.
D) $6 to $8.

Question

Exhibit 9-7 Monopolist
​

If the profit-maximizing monopoly in Exhibit 9-7 becomes a profit-maximizing perfectly competitive market, the price will go from
A) $8 to $6. 
B) $10 to $8. 
C) $10 to $6. 
D) $6 to $8.

Quizplus · Accepted Answer

The Answer of Exhibit 9-7 Monopolist
​

If the profit-maximizing monopoly in Exhibit 9-7 becomes a profit-maximizing perfectly competitive market, the price will go from
A) $8 to $6. 
B) $10 to $8. 
C) $10 to $6. 
D) $6 to $8.

Exhibit 9-7 Monopolist ​

Exhibit 9-7 Monopolist