The following figure shows the demand curve [ES],the average cost curve [AC],the marginal cost curve [MC],and the marginal revenue curve [MR] for a firm.
Figure 8-1

-Refer to Figure 8-1.If the firm operates as a monopoly in an unregulated market,its profit-maximizing price and output would be _____,respectively.
A)0C and 0Q
B)0A and 0Q
C)0B and 0R
D)0D and 0P
E)0A and 0T

Question

The following figure shows the demand curve [ES],the average cost curve [AC],the marginal cost curve [MC],and the marginal revenue curve [MR] for a firm.
Figure 8-1
 
-Refer to Figure 8-1.If the firm operates as a monopoly in an unregulated market,its profit-maximizing price and output would be _____,respectively.
A)0C and 0Q 
B)0A and 0Q 
C)0B and 0R 
D)0D and 0P 
E)0A and 0T

Quizplus · Accepted Answer

The Answer of The following figure shows the demand curve [ES],the average cost curve [AC],the marginal cost curve [MC],and the marginal revenue curve [MR] for a firm.
Figure 8-1
 
-Refer to Figure 8-1.If the firm operates as a monopoly in an unregulated market,its profit-maximizing price and output would be _____,respectively.
A)0C and 0Q 
B)0A and 0Q 
C)0B and 0R 
D)0D and 0P 
E)0A and 0T

The Following Figure Shows the Demand Curve [ES],the Average Cost