Refer to the figure above. What is the price at which the monopolist should sell its output?
A) $3
B) $4
C) $6
D) $9
C
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The market to buy and sell organs:
A. is missing. B. has been banned by public policy. C. would create surplus for those who would interact in it. D. All of these are true.
The greater the elasticity of supply of a resource the greater is its economic rent
a. True b. False Indicate whether the statement is true or false
When there is an improvement in technology, holding all else constant,
a. the production possibilities frontier will shift inward b. society faces larger opportunity costs from shifting productive resources from one use to another c. goods and services will increase in price d. the economy must have some idle resources e. the production possibilities frontier will shift outward
If the United States is viewed by foreigners as a great nation in which to invest, generating a large inflow of foreign investment, this will cause the United States to run a
a. deficit on the current account. b. surplus on the current account. c. deficit on the capital account. d. deficit on the official reserve account.