The Following Question Are Based on the Following Diagram of a Monopolist

question 22

Multiple Choice

The following question are based on the following diagram of a monopolist:

-If the monopolist is currently producing 0A and wants to maximize profits,it should

• A) do nothing because it is maximizing profits.
• B) decrease output to zero.
• C) raise output to 0B.
• D) raise output to 0C.
• E) raise output above 0C.

---

Definitions:

Approach-avoidance Conflict

A psychological struggle experienced when an individual is attracted to and repelled by the same goal or decision at the same time.

Personal Time

Time allocated for individual pursuits, rest, or leisure that is not dedicated to work-related activities.

Conflict

A situation or process resulting from the perceived or actual opposition of needs, values, and interests between people.

Individual

A single human being distinct from a group, class, or family.