Refer to Figure 10.1. Suppose that the government decides to limit mon

Refer to Figure 10.1. Suppose that the government decides to limit monopoly power with price regulation. If the government sets the price at the competitive level, it will set the price at ________.

A) P1
B) P2
C) P3
D) P4
E) none of the above

 

ANSWER

D

 

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