Q 199

Exhibit 9-16 img Exhibit 9-16 depicts the cost and demand conditions facing a profit-maximizing monopolist that does not price discriminate.Which of the following statements is true? A)An output of 50 is allocatively efficient, but the monopolist will produce 100 units. B)An output of 50 is allocatively efficient, but the monopolist will produce 75 units. C)An output of 75 is allocatively efficient, but the monopolist will produce 100 units. D)An output of 100 is allocatively efficient, but the monopolist will produce 50 units. E)An output of 100 is allocatively efficient, but the monopolist will produce 75 units.

Multiple Choice