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-In the Above Figure, Which of the Following Statements Is

Question 61

Multiple Choice

-In the above figure, which of the following statements is FALSE if the firm is operating at output level Q<sub>2</sub>? A) The output is equivalent to an unregulated monopolist. B) Economic profits are positive. C) The price is lower than at an equivalent firm forced by regulators to charge ATC pricing. D) Average costs would be lowered by expanding output.
-In the above figure, which of the following statements is FALSE if the firm is operating at output level Q2?


A) The output is equivalent to an unregulated monopolist.
B) Economic profits are positive.
C) The price is lower than at an equivalent firm forced by regulators to charge ATC pricing.
D) Average costs would be lowered by expanding output.

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