There has been an unmistakable steady trend toward bigness in business since

The government has a budget deficit if

A) its total revenues are equal to its total expenditures. B) its total revenues are less than its total expenditures. C) its total revenues are greater than its total expenditures. D) the money supply is less than total expenditures.

Refer to the above figure. What are the price and quantity if this monopolist is required to use average cost pricing?

A) P5, Q1 B) P3, Q3 C) P2, Q1 D) P1, Q4