Figure 15-12 Figure 15-12 Shows the Cost and Demand Curves for a and Demand

question 270

Multiple Choice

Figure 15-12

Figure 15-12 shows the cost and demand curves for a monopolist.
-Refer to Figure 15-12.What is the amount of consumer surplus if, instead of monopoly, the industry was organized as a perfectly competitive industry?

• A)$21
• B)$124
• C)$186
• D)$332

---

Definitions:

Impulse Control

The ability to resist or delay an immediate urge or desire in order to achieve a longer-term goal or adhere to societal norms.

Fine Motor Skills

The small muscle movements of the hands, fingers, and other parts of the body that enable tasks such as writing, typing, and tying shoelaces.

Preference Increase

The process by which an individual's favor or liking for a particular stimulus or choice becomes more pronounced over time.

Sweet And Salty

A taste preference often referring to the enjoyment of foods or snacks that combine sugary and savory flavors.