MC 0 fg h Quantity MR Refer to the diagram for a pure monopo

MC 0 fg h Quantity MR Refer to the diagram for a pure monopolist Monopoly price will be pet O a. b.

Solution

The equilibrium output is set where MR=MC. Here that quantity is f. The monopoly price is the price set corresponding to the equilibrium point on the demand curve. Thus the monopoly price is c. Hence the correct answer is (C) i.e c.