Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. If Ohio Edison is forced to produce the efficient level of electricity (instead of the monopoly level),
A. the net social gain equals area BEC.
B. the monopolist earns a profit of FGBC.
C. consumers gain consumer surplus of AFC.
D. the monopolist loses profits equal to FABE.
Answer: A
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Holding all else constant, when interest rates fall,
(a) yields on common stocks rise above yields on bonds. (b) yields on common stocks fall below yields on bonds. (c) yields on common stocks and bonds rise at an equal rate. (d) yields on common stocks and bonds fall at an equal rate.
In the long run, a monopolistically competitive firm acting according to the Chamberlin model
A. will operate at the minimum point of the marginal cost curve. B. will earn positive economic profits. C. will operate at the minimum point of the average cost curve. D. will not operate at the minimum point of the average cost curve.
After a price floor of $23 is placed on the market in the graph shown, which area represents consumer surplus?
A. A + B + C + D B. A C. A + B + C D. A + B
Table 24.1Monopoly Costs and RevenueQuantityPriceTotal Cost1$500$4002$450$6503$400$9504$350$1,3005$300$1,700In Table 24.1, using the profit maximization rule, a monopolist that is able to practice price discrimination will charge
A. Different prices to different customers. B. A price of $500. C. A price of $450. D. A price of $400.