Suppose That There Is Only One Seller in the Computer

question 80

Multiple Choice

Suppose that there is only one seller in the computer industry. If the demand curve that the only seller in the industry faces is a straight-line, downward sloping curve, at which point would the seller's total revenue be maximized?

• A) at the highest point on the demand curve, where price is the highest
• B) at a point high on the demand curve, where elasticity is elastic
• C) at the midpoint of the demand curve, where elasticity is unitary
• D) at a point low on the demand curve, but not at the very bottom

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Definitions:

Interbreed

The mating and reproduction between individuals of different breeds, varieties, species, or genera.

Gametic Isolation

A prezygotic reproductive barrier where the gametes (egg and sperm) of different species fail to unite or recognize each other, preventing fertilization.

Hybrid Sterility

A condition where offspring from the crossbreeding of two different species are unable to reproduce.

Fertilization

The union of male and female gametes to form a zygote, initiating the development of a new individual organism.