The Following Questions Refer to the graph below.
-If this industry is a monopoly,equilibrium price and output in the market will be

Question

The Following Questions Refer to the graph below. 
-If this industry is a monopoly,equilibrium price and output in the market will be

Quizplus · Accepted Answer

In a monopoly, the firm maximizes profit where marginal revenue equals marginal cost. Without specific cost or demand data, we can't calculate the exact price and output. However, monopolies typically restrict output to raise prices above competitive levels, suggesting a choice with a higher price and lower output, which is option A.

The Following Questions Refer to the Graph Below