The figure below contains information on the cost and revenue curves facing a regulated monopoly. Based on the figure, the socially efficient level of output would occur where _____.Figure 8-8 A)price equals average total cost at Q₃ B)price equals marginal cost at Q₄ C)price equals marginal revenue at Q₁ D)marginal revenue equals marginal cost at Q₂ E)marginal revenue equals average cost at Q₂

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The Answer of The figure below contains information on the cost and revenue curves facing a regulated monopoly. Based on the figure, the socially efficient level of output would occur where _____.Figure 8-8 A)price equals average total cost at Q₃ B)price equals marginal cost at Q₄ C)price equals marginal revenue at Q₁ D)marginal revenue equals marginal cost at Q₂ E)marginal revenue equals average cost at Q₂

The Figure Below Contains Information on the Cost and Revenue