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Consider the figure at right. Which of the following is true? A. Single-Price Monopoly Competitive Industry Cartelized Industry Price $40 $30 $40 Output 328 416

Consider the figure at right. Which of the following is true?

A.

Single-Price Monopoly

Competitive Industry

Cartelized Industry

Price

$40

$30

$40

Output

328

416

328

B.

Single-Price Monopoly

Competitive Industry

Cartelized Industry

Price

$30

$40

$30

Output

416

328

416

C.

Single-Price Monopoly

Competitive Industry

Cartelized Industry

Price

$30

$40

$40

Output

416

328

328

D.

Single-Price Monopoly

Competitive Industry

Cartelized Industry

Price

$40

$40

$30

Output

328

328

416

.....

OutputPrice($)328$40416$30DMRMC

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