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Unit 3C Quiz

Unit 3C Quiz

Q Question 1 1 / 1 pts Refer to the above graph for a pure monopoly. A profit-maximizing monopolist would set what price and quantity levels in the short run? Question 2 1 / 1 pts Refer to the above graph for a pure monopoly. If the government regulated the monopoly and made the firm set a fair-return price, what price and quantity levels would we observe in the short run? Question 3 1 / 1 pts Refer to the above graph for a monopolist in short-run equilibrium. This monopolist: Question 4 1 / 1 pts Refer to the graph above for an industry. If the industry were purely competitive, the output quantity would be: Question 5 1 / 1 pts Refer to the above graph for a monopolist in short-run equilibrium. This monopolist will charge a price:

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1 P4 and Q1 2 P3 and Q2