Use the Figure Below to Answer the Following Question

question 62

Multiple Choice

Use the figure below to answer the following question. Figure 12.4.3
-Refer to Figure 12.4.3.The outcome is efficient if

• A)the monopoly is able to perfectly price discriminate.
• B)the price consumers pay is greater than marginal cost.
• C)the price consumers pay is less than marginal cost.
• D)the quantity produced is 80 units.
• E)the quantity produced is 20 units.

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Definitions:

Wish Fulfillment

A psychoanalytic concept where dreams or fantasies allow subconscious desires to be realized.

Defense Mechanism

A psychological strategy unconsciously used to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Psychological Process

The mental functions and actions by which individuals perceive, think, feel, and act in relation to their environment and themselves.

Causes of Suffering

Factors or conditions that lead to physical, psychological, or emotional pain and distress.