Figure 15-12 -Refer to Figure 15-12.If There Are No Fixed Costs of Fixed

question 116

Multiple Choice

Figure 15-12
-Refer to Figure 15-12.If there are no fixed costs of production,monopoly profit without price discrimination equals

• A) $0.
• B) $1,562.50.
• C) $3,125.
• D) $6,250.

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Definitions:

Lactovegetarian

A diet that includes dairy products in addition to plant-based foods, but excludes meat and eggs.

Veganism

A lifestyle and diet that excludes all animal products and by-products, often motivated by health, ethical, or environmental reasons.

Strictest

Pertaining to the most rigid, exacting, or severe in expectation or requirement.

Vegetarian

A person who does not eat meat, and sometimes other animal products, especially for moral, religious, or health reasons.