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Use the Following Table to Answer the Question : Table

Question 42

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Use the following table to answer the question : Table 15-3: shows the average cost [AC],marginal cost [MC],and demand [D] curves for a natural monopoly;Qi denotes quantity and Pi denotes price. Use the following table to answer the question : Table 15-3: shows the average cost [AC],marginal cost [MC],and demand [D] curves for a natural monopoly;Qi denotes quantity and Pi denotes price. -Refer to Figure 15-3.If the firm practices marginal-cost pricing,the equilibrium price would be _____. A) P<sub>1</sub> B) P2 C) P<sub>3</sub> D) P<sub>4</sub>
-Refer to Figure 15-3.If the firm practices marginal-cost pricing,the equilibrium price would be _____.


A) P1
B) P2
C) P3
D) P4

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