lake a lest - leo chiu Gocqle Chrome i Seriire https://www.mathxl.com/Student/Pl

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lake a lest - leo chiu Gocqle Chrome i Seriire https://www.mathxl.com/Student/PlayerTestaspx?testld=164596185Acenterwin-yes Econ 1123-901 Principles of Microeconomics leo chiu 11/8/17 3:22 PM Quiz: Homework Chapter 13 Monopoly Time Remaining: 02:37:32 Submit Quiz This Question: 1 pt 10 of 23 (7 complete) This Quiz: 23 pts possible In the figure, the single-price, u nregulated monopoly sets a price of A. OB, ° C. D. S60 per unit. so per unit. S80 per unit. S40 per unit. 100 80 60 MC 40 20 MR 20 40 60 80 100 120 Quanlity [units per day Click to select your answer. 3:22 PM 11/6/2017 Type here to search

Explanation / Answer

The unregulated sets a monopoly price corresponding to quantity at which MR =MC. Therefore At MR= MC , Q= 20. Using the demand curve the price = 60. Therefore option A

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