单选题 If a regulatory agency intervenes to reduce prices, a monopoly will most likely expand output to the level where: A. Marginal cost equals supply. B. Average cost equals marginal revenue. C. Average cost equals demand.

【正确答案】 C

【答案解析】Given regulatory agency intervention, a monopoly will expand output to the level where average cost equals demand. Monopoly will expand output to the level where average cost equals demand.