Yongling Is a Monopoly Seller of a Good in a Town.She

question 3

Multiple Choice

Yongling is a monopoly seller of a good in a town.She has a fixed supply of 8 units and no other costs.The market demand curve for the product is P = 20 - q.What is her profit if she sells to all her clients at the same price?

• A)$24
• B)$36
• C)$72
• D)$48
• E)$96

---

Definitions:

Deceased Person

An individual who has died.

General Jurisdiction

The authority of a court to hear a wide range of cases, not limited by subject matter, within its geographic area.

Civil Lawsuits

Legal actions initiated by individuals or entities seeking remedies or damages from another party without criminal implications.

Criminal Actions

Legal proceedings brought by the state against individuals or entities accused of violating criminal law.