-If the Market Becomes Uncompetitive,and Output Is Reduced to 500

question 73

Multiple Choice

-If the market becomes uncompetitive,and output is reduced to 500 000 units,the consumer surplus becomes:

• A)$0.25 million
• B)$0.5 million
• C)$1 million
• D)$5.5 million
• E)$1.5 million

---

Definitions:

Moral Obligation

A duty or commitment to act in ways considered ethical and right, often irrespective of legal obligations.

Genetically Considered

Taking into account genetic factors or information in evaluation or decision-making processes.

Embryonic Stem Cells

Cells derived from an embryo that have the potential to develop into many different types of cells in the body, used for research and potential treatments.

Differentiate

To recognize what makes someone or something different.