-If the firm in the figure above is unregulated, it will charge a price of
A) $4 per unit.
B) $16 per unit.
C) $20 per unit.
D) $40 per unit.

Name: -If the firm in the figure above is unregulated, it will charge a price of A) $4 per unit. B) $16 per unit. C) $20 per unit. D) $40 per unit.
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Question

-If the firm in the figure above is unregulated, it will charge a price of
A) $4 per unit. 
B) $16 per unit. 
C) $20 per unit. 
D) $40 per unit.

Quizplus · Accepted Answer

In an unregulated market, a firm with market power will set its price where marginal cost equals marginal revenue. The figure likely shows this intersection at $20 per unit.

-If the Firm in the Figure Above Is Unregulated, It