Other Things Equal, in Which of the Following Cases Would

question 62

Multiple Choice

Other things equal, in which of the following cases would economic profit be the greatest?

• A) an unregulated monopolist that is able to engage in price discrimination
• B) an unregulated, nondiscriminating monopolist
• C) a regulated monopolist charging a price equal to average total cost
• D) a regulated monopolist charging a price equal to marginal cost

---

Definitions:

Permanent Visual Damage

Damage to the visual system that is irreversible, potentially affecting one's ability to see permanently.

Infancy

The period in a human's life that ranges from birth to the age of two, characterized by rapid physical and psychological development.

Synaptic Terminals

The extremities of axons that make synaptic connections with other neurons, releasing neurotransmitters to transmit nerve impulses.

Resting Potential

Resting potential is the electrical difference across the neuronal membrane when the neuron is not actively sending a signal, typically around -70 millivolts.