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(Solved): Refer to the graph shown. If this graph represents a monopoly market, the equilibrium price and qua ...
![Multiple Choice
\[
Q_{d}=1,000-20 P
\]
\[
Q_{d}=1.000-50 P
\]
\[
Q_{d}=20-1.000 P
\]
\[
Q_{d}=50-1.000 P
\]](https://media.cheggcdn.com/study/1fc/1fc875cb-1567-4c5e-9d70-7fbe2c58aceb/image)
Refer to the graph shown. If this graph represents a monopoly market, the equilibrium price and quantity will be: Muliple Choice \[ Q_{\text {f }} 1000-20 P \]
Multiple Choice \[ Q_{d}=1,000-20 P \] \[ Q_{d}=1.000-50 P \] \[ Q_{d}=20-1.000 P \] \[ Q_{d}=50-1.000 P \]
Expert Answer
in this question , given the graph , we know that , in monopoly market , equilibrium condition is , MR= MC, which follows by the demand curve to setup