Use the Following Table to Answer Questions 23 - 26

question 1

Multiple Choice

Use the following table to answer questions 23 - 26
Assume the cost of producing the goods is zero

-Suppose the monopolist only sold the goods separately.What price will the monopolist charge for Good 2 to maximize revenues for good 2?

• A)$2,300
• B)$2,800
• C)$1,200
• D)$1,700

---

Definitions:

Stereotypes

Oversimplified generalizations about groups of people that may not accurately reflect reality.

Expectations

Beliefs or forecasts about what will happen in the future or about how someone should behave.

Social Categorization

The process of classifying individuals into groups based on shared characteristics such as race, gender, age, etc.

Innately Programmed

Characteristics, behaviors, or instincts that are hard-wired into an organism at birth.