Refer to the Information Provided in Figure 13

question 111

Multiple Choice

Refer to the information provided in Figure 13.11 below to answer the question(s) that follow. Figure 13.11
-Refer to Figure 13.11. Suppose a monopolist faces the demand and costs in the figure and is able to perfectly price discriminate. How much surplus is realized by consumers?

• A) $0
• B) $16,000
• C) $32,000
• D) Indeterminate from the given information.

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Definitions:

Pleasure Principle

A psychoanalytic concept where human behavior is driven by the desire to seek pleasure and avoid pain.

Psychoanalytic Theory

A theory of psychology and human behavior which posits that unconscious motives and conflicts shape personality and mental disorders.

Collective Unconscious

According to Jung, a storehouse of latent memory traces inherited from people’s ancestral past that is shared with the entire human race.

Defense Mechanism

Psychological strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.