Figure 15-18 -Refer to Figure 15-18. If There Are No Fixed Costs

question 27

Multiple Choice

Figure 15-18
-Refer to Figure 15-18. If there are no fixed costs of production, monopoly profit without price discrimination equals

• A)$0.
• B)$1,000.
• C)$2,000.
• D)$4,000.

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Definitions:

Assignment

The transfer of rights, property, or obligations from one party to another, typically seen in contracts and agreements.

Sublease

A transfer of less than all of a tenant’s interest in a leased property.

Assignee

In a contract, the party who receives the rights of another party (an assignor) to collect what was contractually agreed on in the original contract.

Assignor

In a contract, the party who transfers his or her rights to a contract to a third party (an assignee), giving the assignee the right to collect what was contractually agreed on in the original contract.