If a Social Planner Were Running a Monopoly, That Planner

question 339

Multiple Choice

If a social planner were running a monopoly, that planner could achieve an efficient outcome by charging the price that is determined by the

• A)minimum point on the average total cost curve.
• B)intersection of the average total cost curve and the demand curve.
• C)intersection of the marginal cost curve and the demand curve.
• D)intersection of the marginal cost curve and the marginal revenue curve.

---

Definitions:

Passive Avoidance

A learning process in which an individual learns to refrain from certain behaviors to avoid a negative outcome.

Mild Punishing Stimuli

Stimuli that are not severely harmful or painful but are used to decrease the likelihood of a behavior recurring.

Strong Punishing Stimulus

A stimulus that significantly decreases the likelihood of a behavior recurring by causing discomfort or distress when the behavior is exhibited.

Punishment

A consequence that reduces the likelihood of the behavior that it follows.