Suppose the Table Below Describes the Relationship Between Price and Quantity

question 138

Multiple Choice

Suppose the table below describes the relationship between price and quantity demanded for a monopolist. $$\begin{array} { | c | c | } \hline \text { Quantity } & \text { Price } \\\hline 1 & \$ 10 \\\hline 2 & \$ 9 \\\hline 3 & \$ 8 \\\hline 4 & \$ 7 \\\hline 5 & \$ 6 \\\hline 6 & \$ 5 \\\hline 7 & \$ 4 \\\hline 8 & \$ 3 \\\hline\end{array}$$ At the monopolist's profit-maximizing level of output, the monopolist produces ______ units of output than is socially optimal.

• A)3 fewer
• B)3 more
• C)2 fewer
• D)1 more

---

Definitions:

Printed Message

A message that has been transferred from a digital medium to a physical medium, such as paper, through a printing process.

Social Media

Digital platforms and technologies that enable individuals to create, share, or exchange information, ideas, and pictures/videos in virtual communities and networks.

Nonverbal Signals

Forms of communication without words, such as gestures, facial expressions, and body language, which can convey emotions and attitudes.

In-Person Conversations

Direct interactions between individuals in the same physical space, often considered more personal and engaging than other forms of communication.