Use the Following to Answer Question

question 86

Multiple Choice

Use the following to answer question:
-(Table: Lunch) Use Table: Lunch.This table shows market demand for picnic lunches for people taking all-day rafting trips on the river.Joe has a firm providing this service,and his marginal cost and average cost for each lunch are a constant $4.If Joe is a monopolist,what price will he charge for a lunch in the long run?

• A)$9
• B)$7
• C)$5
• D)$3

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Definitions:

Pretest

A pretest is an evaluation or test conducted before the main test or assessment to gauge its effectiveness, identify potential problems, or assess participants' baseline knowledge or abilities.

Posttest

An assessment or test given after a particular content has been taught or an intervention has been implemented, to evaluate its effectiveness.

Implementation Phase

the stage in a project or plan where strategies are executed or applied to achieve the intended outcomes.

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Companies specializing in creating, planning, and handling advertising and sometimes other forms of promotion and marketing for its clients.