Refer to the information provided in Figure 13.10 below to answer the question(s) that follow. 
Figure 13.10 Refer to Figure 13.10. The monopoly profit-maximizing number of subscribers and price are ________ and ________, respectively.
A. 1,000; $16.
B. 2,200 $13.
C. 2,500; $12.
D. 800; $15.
Answer: A
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A) an increase in both demand and supply B) a decrease in both demand and supply C) an increase in demand combined with a decrease in supply D) a decrease in demand combined with an increase in supply E) an increase in the supply combined with no change in the demand
If a firm faces an average total cost of $100 and sells its product for $115, how much profit does it make when it sells 20 units of the product?
A) $200 B) $115 C) $300 D) $800
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A) falls; right B) falls; left C) rises; right D) rises; left
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b. created through patent protection. c. regulated natural monopolies. d. employee-owned public enterprises.