Refer to the Graph Shown

question 20

Multiple Choice

Refer to the graph shown. If this monopolist were forced to set price equal to marginal cost, in the long run it probably would:

• A)charge a price of $2.
• B)charge a price of $3.
• C)charge a price of $12.00.
• D)stop producing.

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Definitions:

NaCl

Sodium chloride, commonly known as table salt, is an ionic compound consisting of sodium and chlorine ions.

Moles

A unit of measurement used in chemistry to quantify the amount of substance, defined as the number of atoms in 12 grams of carbon-12, approximately 6.022 x 10^23 particles.

Moles

A measure of quantity in chemistry that represents 6.022 x 10^23 particles of a substance.

Helium

Helium is an inert gas with the atomic number 2, notable for its low density, lack of color, odor, or taste, and for being the second lightest and second most abundant element in the observable universe.