Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. 
Figure 15.5 Refer to Figure 15.5. Assume the Custom Sweater Shop has fixed costs of $275 and is a monopolistically competitive firm. To maximize profits in the short run, this firm should produce ________ personalized sweaters.
A. 0
B. 50
C. 75
D. 100
Answer: A
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Which of the following is the best example of a public good?
a. food stamps b. police services c. trash removal d. a restaurant meal e. an IPad
The deadweight loss associated with a tax on a commodity is generated by
a. the consumers who still choose to consume the commodity but pay a higher price that reflects the tax. b. the consumers who choose to not consume the commodity that is taxed. c. all citizens who are able to use services provided by government. d. the consumers who are unable to avoid paying the tax.
The most common provider of public goods is the private sector.
Indicate whether the statement is true or false.
An example of price discrimination is charging more for steak than for a hamburger.
a. true b. false