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The Figure Below Shows the Demand Curve, Marginal Revenue Curve

Question 87

Multiple Choice

The figure below shows the demand curve, marginal revenue curve, marginal cost curve and average total cost curve for a monopolist. The figure below shows the demand curve, marginal revenue curve, marginal cost curve and average total cost curve for a monopolist. The socially optimal level of output is: A) 4 units per day. B) 5 units per day. C) 8 units per day. D) 10 units per day. The socially optimal level of output is:


A) 4 units per day.
B) 5 units per day.
C) 8 units per day.
D) 10 units per day.

Correct Answer:

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