Use the Figure Below to Answer the Following Questions

question 65

Multiple Choice

Use the figure below to answer the following questions.

Figure 13.2.2
-Refer to Figure 13.2.2. If the single-price monopoly shown in Figure 13.2.2 is maximizing profit, what is total economic profit?

• A)$3
• B)$4
• C)$6
• D)$9
• E)$7

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Definitions:

Dual Distribution

The use of two or more channels to distribute the same product to the same target market.

Distribution Channels

Pathways through which a company delivers its products or services to customers.

Intermediary

An entity or person that acts as a middleman or agent between two parties in a transaction or process to facilitate the transaction.

Broker

A person or firm that arranges transactions between a buyer and a seller for a commission when the deal is executed.