Refer to the Accompanying Figure to Answer the Questions

question 124

Multiple Choice

Refer to the accompanying figure to answer the questions.
-If the government forces a firm to produce at the point that generates the greatest welfare for society, that firm would make _________ in profits.

• A) $1,500
• B) ?$720
• C) $720
• D) ?$240
• E) $240

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Definitions:

Biologists

Scientists who study living organisms and their relationship to the environment.

Nature

Encompasses the natural world, including plants, animals, the landscape, and other features and products of the earth, as opposed to human creations.

Limiting Abiotic Factors

Non-living environmental elements that restrict the growth, distribution, or abundance of organisms, such as temperature, water availability, and nutrients.