Figure 8.11 
Figure 8.11 shows the cost and demand curves for a monopolist.
-Refer to Figure 8.11.If this industry was organised as a perfectly competitive industry,the market output and market price would be:
A) Output = 62; price = $24.
B) Output = 83; price = $22.
C) Output = 62; price = $18.
D) Output = 104; price = $20.80.
Correct Answer:
Verified
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