Which of the following statements is true, regarding the monopoly described by the graph: Price $ MC ATC 11 9 1 6. 4. MR D, AR 16 20 22 Q a, The profit per unit is $7. b. The firm will have losses if the quantity produced is 16 units. C. The optimal quantity is 20 units. d. The firm will charge a price of $11. ..... . **.. .........

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A:

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A:

Q: Which of the following statements are true about this natural monopoly? Check all that apply. The…

A: a) At profit maximizing level:-                                        MR=MC Therefore;

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Monopoly Market

When a company and its products dominate a sector or an industry, it is termed a monopoly. When a firm and its products control a market, then it is called a monopoly.