If the Monopolist Facing the Demand Curve P = 10

question 50

Multiple Choice

If the monopolist facing the demand curve P = 10 - Q is a perfectly discriminating monopolist and marginal cost is constant at $4, how much will the firm sell if it profit maximizes?

• A)6
• B)5
• C)4
• D)10

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Definitions:

Phloem

The vascular tissue in plants responsible for the transport of nutrients, particularly sugar, throughout the plant.

Bark

External part of a tree, containing cork, cork cambium, and phloem.

Casparian Strip

A band of cell wall material found in plant roots that helps control the movement of water and nutrients between the soil and the vascular system.

Suberin

A waxy hydrophobic substance found in the cell walls of plants, acting as a barrier to water and solute movement.