(Figure: the Profit-Maximizing Output and Price) Look at the Figure

question 2

Essay

(Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price.Assume that there are no fixed costs and AC = MC = $200.If the monopolist can use price discrimination perfectly, the monopolist will produce an output of
_______ diamonds.
A.0
B.6
C.16
D.20

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Definitions:

Invoice Approval

The process of reviewing and verifying supplier invoices before payment is made, ensuring the amounts billed are accurate and authorized.

Check Authorization

A process used in financial management where a check's validity and accuracy are verified before it's processed for payment.

Depositor's Account

An account maintained by a depositor at a financial institution, representing deposited funds that can be withdrawn.

Bank

A financial institution licensed to receive deposits, offer loans, and provide other financial services, such as currency exchange.