Exhibit 9-11 If the Monopolist in Exhibit 9-11 Does

question 185

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:

Misinformation Effect

A phenomenon where a person's recollection of an event can be influenced by misleading information presented after the event.

State-dependent Memory

The phenomenon where information learned in a particular physiological or psychological state is more easily recalled when in the same state.

Retroactive Interference

The phenomenon that occurs when newly learned information interferes with the recall of information learned previously.

Context Reinstatement

A cognitive process that involves reconstructing the circumstances or environment present during learning or an event to aid memory recall.