-The Above Figure Shows the Market Demand Curve for Long-Distance

question 217

Multiple Choice

-The above figure shows the market demand curve for long-distance land-based telephone calls.Suppose the marginal cost of a long-distance telephone call is 2¢ a minute for a call no matter how many minutes of calls are made and there are 3 firms in the industry.If the firms in the industry operate as perfect competitors,the price of a call is ________ per minute and if the firms in the industry operate as a monopoly,the price of a call is ________ per minute.

• A) 2 cents; more than 3 cents and less than 4 cents
• B) more than 3 cents and less than 4 cents; more than 3 cents and less than 4 cents
• C) 1 cents; 2 cents
• D) 2 cents; either equal to 4 cents or more than 4 cents
• E) either equal to 4 cents or more than 4 cents; 2 cents

Recognize the formation of oppositional identities as a result of social exclusion.

Analyze the influence of media and popular culture on the perception of racial and ethnic groups.

Critically assess the changing nature of racial stratification in the United States.

Understand the social construction of race, gender, and labor within capitalist societies.

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Definitions:

Open Communication

A communication style that promotes transparency and free exchange of information and ideas in an organization or between individuals.

Intimate Space Zone

A concept in proxemics referring to the physical space immediately surrounding an individual, into which entry by others feels uncomfortable or intrusive without a close relationship.

Kinesics

Kinesics is the study of body movements, facial expressions, and gestures as a form of non-verbal communication.

Proxemics

The study of an individual’s perception and use of space.