Use the Figure Below to Answer the Following Question

question 84

Multiple Choice

Use the figure below to answer the following question.

Figure 13.4.3
-Refer to Figure 13.4.3. The outcome is efficient if

• A)the monopoly is able to perfectly price discriminate.
• B)the price consumers pay is equal to average total cost.
• C)the price consumers pay exceeds minimum average variable cost.
• D)the quantity produced is 80 units.
• E)the quantity produced is 20 units.

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Definitions:

Incurring Obligations

The act of binding oneself by a social, legal, or moral requirement to do something or incur a liability.

Using Ambiguity

The practice of deliberately employing vague or unclear language to obscure meaning or to avoid making definite statements.

Power Position

Power Position denotes a stance or status in which an individual or entity possesses the ability to influence or control the behavior of others.

Power-Balancing Tactics

Strategies used by individuals or groups within organizations to equalize power distribution and reduce power disparities.