Use the Figure Below to Answer the Following Questions

question 3

Multiple Choice

Use the figure below to answer the following questions. Figure 12.2.3
-Refer to Figure 12.2.3.Assume this firm is a single-price monopoly.How many tickets does this monopolist sell to maximize economic profit?

• A)20 tickets
• B)30 tickets
• C)50 tickets
• D)60 tickets
• E)100 tickets

---

Definitions:

Negative Effects

Adverse or undesirable outcomes resulting from a specific action, condition, or intervention.

Sibling

A person’s brother or sister; individuals having one or both parents in common.

Expectations

The belief or anticipation about the way events, behaviors, or things are supposed to unfold.

Later-born Children

Children who are not the firstborn in their families, which can sometimes influence their personality and behavior due to their birth order.