Use the following diagram to find:
a.the price and quantity that would prevail if the industry were competitive.
b.the price and quantity that would prevail if the industry were a monopoly.
c.the profits earned by the monopolist.

Question

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The Answer of Use the following diagram to find:
a.the price and quantity that would prevail if the industry were competitive.
b.the price and quantity that would prevail if the industry were a monopoly.
c.the profits earned by the monopolist.

Use the Following Diagram to Find