Table 15-5 -Refer to Table 15-5.If the Monopolist Faces a Constant Marginal

question 355

Multiple Choice

Table 15-5

-Refer to Table 15-5.If the monopolist faces a constant marginal cost of $4,how much output should the firm produce?

• A) 3 units
• B) 4 units
• C) 5 units
• D) 6 units

---

Definitions:

Republic

A form of government in which power resides in elected individuals representing the citizen body and government leaders exercise power according to the rule of law.

Midpoint

A point that is exactly in the middle between two other points.

19th Century

The period from 1801 to 1900, marked by significant political, cultural, and technological changes worldwide.