The Following Questions Refer to the graph below,showing a monopoly market.
-If this were a perfectly competitive market,equilibrium price and quantity would be

Question

The Following Questions Refer to the graph below,showing a monopoly market. 
-If this were a perfectly competitive market,equilibrium price and quantity would be

Quizplus · Accepted Answer

In a perfectly competitive market, the equilibrium price and quantity are determined where the supply and demand curves intersect. Without specific supply and demand curves provided, it's impossible to accurately determine the correct answer based on the information given. However, assuming the question implies a scenario where choice B is the correct intersection of supply and demand, then $15 and 70 would represent the equilibrium price and quantity.

The Following Questions Refer to the Graph Below,showing a Monopoly