Graph 15-6 This Graph Depicts the Demand, Marginal-Revenue and Marginal-Cost

question 142

Multiple Choice

Graph 15-6 This graph depicts the demand, marginal-revenue and marginal-cost curves of a profit-maximising monopolist.Use the graph to answer the following question(s) .
-Refer to Graph 15-6.What is the deadweight loss equal to when the monopolist does NOT price discriminate?

• A)ABC
• B)ADF
• C)CEF
• D)deadweight loss will equal zero

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Definitions:

Operant Conditioning

An educational method that adjusts the intensity of an action by using rewards or penalties.

B.F. Skinner

An American psychologist known for his work in behaviorism and the development of the theory of operant conditioning.

Principles

Basic principles or assertions that underpin a belief system or form the basis for a sequence of logical thought.

Behaviorism Perspective

A psychological approach that focuses on observable behaviors and the ways in which they're learned, excluding thoughts and feelings from its analysis.