Refer to the graph below representing the market demand curve for a monopolist’s output. Which of the following prices shown on the graph should the monopolist charge if it wishes to maximize its total revenue?
a. $12
b. $10
c. $8
d. Any of the above because total revenue does not change with a change in price.
a. $12
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Refer to the figure below. Suppose the solid line shows the current demand curve for coffee. In response to an announcement that much of next year's coffee crop has been destroyed by a storm in Brazil, you should expect: 
A. the demand curve to shift to D(A) in anticipation of higher future prices. B. the demand curve to shift to D(B) in anticipation of higher future prices. C. an increase in the quantity of coffee demanded, but no shift in the demand curve. D. neither a change in quantity demanded nor a shift in demand because next year's coffee crop will not affect the current demand for coffee.
The firm in the figure above is in monopolistic competition. It will set a price equal to
A) $1. B) $2. C) $3. D) more than $3.
Discuss the main factors affecting the position of the AA schedule
What will be an ideal response?
Bank consolidation will likely result in
A) less competition. B) the elimination of community banks. C) increased competition. D) a shift in assets from larger banks to smaller banks.