The figure given below shows a situation where the producers of good X are forming an international cartel. Here, MR = Marginal Revenue, MC = Marginal Cost, and P = Price. The cartel use monopoly pricing for its output. 
If the world market for good A were perfectly competitive, the price per unit would be _____ and the industry profits (before subtracting any fixed costs) would be _____.
Definitions:
Ethics Ombudsperson
An appointed official within an organization who provides confidential assistance and guidance to employees on ethical dilemmas or concerns.
Ethical Dilemmas
Complex situations where a person must choose between two or more conflicting moral imperatives, making the decision difficult.
Price Discrimination
A pricing strategy where a company charges different prices for the same product or service to different customers, based on various factors.
Customers
Individuals or entities that purchase goods or services from another individual or business, often the focal point in marketing efforts.
Q3: The figure given below represents the U.S.
Q6: A small country is considering imposing
Q11: During the Great Depression in the 1930s,
Q12: The _ states that it is usually
Q15: Externalities are direct benefits or costs accruing
Q17: Which of the following ways can an
Q23: If the domestic interest rate decreases, with
Q23: Which of the following is true of
Q42: Shifts in demand away from French products
Q45: What is the percent reduction in import