The Diagram Below Shows the Demand Curve and Marginal Cost

question 82

Multiple Choice

The diagram below shows the demand curve and marginal cost and marginal revenue curves for a new heart medication for which the pharmaceutical firm holds a 20-year patent on its production and sales.This protection gives the firm monopoly power for the 20 years of the patent. FIGURE 10-6
-Refer to Figure 10-6.Assume this pharmaceutical firm is practicing perfect price discrimination among its buyers.At its profit-maximizing level of output,consumer surplus is represented by

• A)areas C + D + E + F + H.
• B)areas D + E.
• C)areas C + F + H.
• D)There is no consumer surplus.
• E)It is not possible to determine with the information provided.

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Definitions:

Cobalt

Cobalt is a chemical element with the symbol Co and atomic number 27, known for its magnetic properties and use in various alloys.

Chloride

An anion resulting from the dissociation of hydrochloric acid (HCl), or a compound formed by the combination of chlorine with a metal or organic molecule.

Magnesium

A shiny gray solid, this chemical element has symbol Mg and atomic number 12, known for its lightness and strong structural properties, widely used in alloys.