Refer to the graph below for a profit-maximizing monopolist. At equilibrium, the firm will be earning:
A. Positive profits
B. Negative profits
C. Zero profits
D. Profits that cannot be determined from the given graph
A. Positive profits
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As the case study in the text illustrates, individual firms in the potato industry have a great deal of market power
Indicate whether the statement is true or false
Refer to the table below. If at the current advertising level, A = $9,800, B = $15,200, and C = $8,000, to maximize profit, which of the following should the firm do?
The table above shows the current costs for a firm to advertising on the radio, television, and newspaper.
A) The firm should decrease its advertising on the radio and increase its advertising in newspapers.
B) The firm should decrease its advertising on the television and increase its advertising in newspapers.
C) The firm should increase its advertising on the television and decrease its advertising in newspapers.
D) The firm should decrease its advertising on the radio and increase its advertising on television.
If the Federal Reserve is to be independent, then the quantity of securities it purchases is determined by:
A. Congress. B. the Federal Reserve itself. C. the amount the public does not want to purchase at the going price. D. the Treasury.
Refer to the information provided in Figure 15.2 below to answer the question(s) that follow. 
Figure 15.2 Refer to Figure 15.2. If We Do Hair is maximizing profit as a monopolistically competitive firm, its total costs are
A. $1,200. B. $960. C. $800. D. $660.