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QUESTION 49 e Price and e cost {5 per e unit)(-' 9 25 (_l (_l (_l (.1 (.1 (.1 (.1 (.1 (.1 2(- MC =

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QUESTION 49 e Price and e cost {5 per e unit)(-' 9 25 (_l (_l (_l (.1 (.1 (.1 (.1 (.1 (.1 2(- MC = AC9 (.1 9 MR6 '3' (.1 Quantity (-' (.1 (.1 The above graph shows the marginal cost (MC), demand (D), and marginal revenue (MR) curves for a rm. The competitive output is 100,000 units while the monopoly output is 50,000 units. The monopoly price is $3.

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