Exhibit 8-5  Demand and Cost Data for a Monopolist by Calculating

question 110

Multiple Choice

Exhibit 8-5  Demand and cost data for a monopolist By calculating the data provided in Exhibit 8-5, how much is the profit if the firm decides to produce 7 units?

• A) 0.
• B) 24.
• C) 16.
• D) 12.
• E) 6.

---

Definitions:

Injustice

The lack of fairness or justice within society, where rights are not upheld or discrimination is prevalent.

Informal Deviance

Behaviors that violate informal social norms or expectations but are not codified into law.

Rudeness

Behavior or speech that is disrespectful or impolite, often violating societal norms for courtesy and conduct.

Crime

One form of deviance; specifically, behavior that violates criminal laws.