Use the following to answer questions:
Figure: The Monopolist 
-(Figure: The Monopolist) Look at the figure The Monopolist. If this monopolist were forced to act like a perfect competitor, it would produce _____ units and sell at _____.
Definitions:
Focal-Point Review System
A performance evaluation method concentrating on critical job elements or specific objectives that are pivotal to an individual’s role within an organization.
Expectancy
A psychological concept referring to an individual's belief about how likely their effort will lead to a certain level of performance and desired outcomes.
Personal Goals
Individual objectives set by a person aiming for achievement in their personal or professional life.
Punishment
A method used to reduce undesirable behavior by applying negative consequences or withdrawing positive elements.
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