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The Following Figure Shows the Marginal Revenue (MR) and Average

Question 200

Multiple Choice

The following figure shows the marginal revenue (MR) and average total cost (ATC) and marginal cost (MC) curves of a monopolist.
The following figure shows the marginal revenue (MR)  and average total cost (ATC)  and marginal cost (MC)  curves of a monopolist.    -Refer to the figure above.The output produced in this market is ________ units,while the output produced under a comparable perfectly competitive market would have been ________ units. A)  12; 17 B)  10; 17 C)  12; 24 D)  10; 16
-Refer to the figure above.The output produced in this market is ________ units,while the output produced under a comparable perfectly competitive market would have been ________ units.


A) 12; 17
B) 10; 17
C) 12; 24
D) 10; 16

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