If a Certain Market Were a Monopoly, Then the Monopolist

question 89

Multiple Choice

If a certain market were a monopoly, then the monopolist would maximize its profit by producing 4,000 units of output. If, instead, that market were a duopoly, then which of the following outcomes would be most likely if the duopolists successfully collude?

• A)Each duopolist produces 4,000 units of output.
• B)Each duopolist produces 1,500 units of output.
• C)One duopolist produces 2,400 units of output and the other produces 1,600 units of output.
• D)One duopolist produces 3,000 units of output and the other produces 1,500 units of output.

---

Definitions:

Presbycusis

Age-related hearing loss, gradually occurring as individuals get older, affecting the ability to hear higher frequencies first.

Otosclerosis

A condition characterized by abnormal bone growth in the middle ear, leading to hearing loss.

Ear Infections

Infections that occur in the ear, often in the middle ear, causing pain, swelling, and sometimes hearing loss.

Otoscopic Examination

A medical procedure using an otoscope to look inside the ear canal to diagnose conditions affecting the ear.