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

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Definitions:

Apnea

Apnea is a temporary cessation of breathing, especially during sleep, which can be a sign of a sleep disorder such as sleep apnea.

Inspiratory Center

A region in the brainstem involved in the regulation of inspiration, or the intake of air into the lungs.

Chloride Shift

The movement of chloride ions into red blood cells as hydrogen ions move out to maintain electrochemical equilibrium, especially important in carbon dioxide transport in the blood.

Bicarbonate Ions

An alkaline ion that acts as a pH buffer in blood and other bodily fluids.