Use the Figure Below to Answer the Following Questions

question 18

Multiple Choice

Use the figure below to answer the following questions.

Figure 13.4.6
-Prime Pharmaceuticals has developed a new asthma medicine, for which it has a patent. An inhaler can be produced at a constant marginal cost of $2 per inhaler. The demand curve, marginal revenue curve, and marginal cost curve for this new asthma inhaler are shown in Figure 13.4.6. The patent gives Prime Pharmaceuticals a monopoly for its new inhaler. If Prime Pharmaceuticals can perfectly price discriminate, then consumer surplus is

• A)zero.
• B)$24 million.
• C)$64 million.
• D)$44 million.
• E)$32 million.

---

Definitions:

Critical Industrial Relations

An analytical approach focusing on the power dynamics and conflicts between employers, employees, and unions in the workplace.

Capitalism

An economic system based on private ownership of the means of production and the creation of goods or services for profit, characterized by competitive markets and capital accumulation.

Wealth And Capital

Terms related to the accumulation of valuable resources and assets, with "wealth" often referring to the stock of assets held, and "capital" usually meaning funds or resources used for investment and production.

Powerful Governments

Governments that have substantial control and influence over both domestic and international affairs, often characterized by strong leadership and comprehensive policies.