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2 months ago Edited: 2 months ago, bio_man
Figure 15-9



Figure 15-9 shows the demand and cost curves for a monopolist.


Refer to Figure 15-9. What is the difference between the monopoly's price and perfectly competitive industry's price?

• The monopoly's price is higher by $9.50.

• The monopoly's price is higher by $13.

• The monopoly's price is higher by $3.50.

• The monopoly's price is higher by $21.
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Microeconomics
Edition: 7th
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Posts: 170
2 months ago
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The monopoly's price is higher by $13.
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