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

question 32

Multiple Choice

Figure 15-12

Figure 15-12 shows the cost and demand curves for a monopolist.
-Refer to Figure 15-12.If this industry was organized as a perfectly competitive industry, the market output and market price would be

• A)output = 62; price = $24.
• B)output = 83; price = $22.
• C)output = 62; price = $18.
• D)output = 104; price = $20.80.

---

Definitions:

GHz

Gigahertz, a unit of frequency equal to one billion hertz, often used to measure the clock speed of computer processors.

CPU Clock Speed

The speed at which a computer's central processing unit (CPU) operates, measured in gigahertz (GHz).

MHz

Megahertz; a unit of frequency equal to one million cycles per second, often used to measure the speed of computer processors and transmission rates.

Cloud Storage

Cloud storage refers to a service model in which data is maintained, managed, backed up remotely, and made available to users over the Internet.