Exhibit 9-11 -If the Monopolist in Exhibit 9-11 Does Not Price Discriminate

question 22

Multiple Choice

Exhibit 9-11
-If the monopolist in Exhibit 9-11 does not price discriminate, the total amount consumers will spend on its profit-maximizing quantity of output is

• A) $95,200
• B) $84,000
• C) $79,000
• D) $53,200
• E) $42,000

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Definitions:

Business Owner

An individual who owns and oversees the operation of a small business or enterprise.

Original Owner's

Pertains to the initial proprietor or founder of a business or asset.

Entrepreneurship

Risk-taking behaviour that results in new opportunities.

Economic Independence

The condition of having sufficient income or wealth to live without having to depend on support from others.