Assume a Firm Is a Monopoly and Enjoys $10 Million

question 30

Multiple Choice

Assume a firm is a monopoly and enjoys $10 million in profits per year. The firm lobbies to have a moratorium passed by Congress on new firms in its market for the next 25 years. If there is no discount rate, how much would any firm(s) arguing against the moratorium be willing to spend to block it?

• A)something less than $250 million
• B)$250 million
• C)$251 million
• D)$250 billion

---

Definitions:

28-point Fonts

A specific size of typeface measure where one point equals 1/72 of an inch, making a 28-point font relatively large.

Headings

Titles or labels used to organize content and indicate the start of a new section in a document.

Effective Design

The process of creating products, systems, or services that are aesthetically appealing and functionally useful to meet users' needs.

Typefaces

The designs of lettering and characters in a set style and size, used in printing and digital media.