Other Things Equal, in Which of the Following Cases Would

question 62

Multiple Choice

Other things equal, in which of the following cases would economic profit be the greatest?

• A) an unregulated monopolist that is able to engage in price discrimination
• B) an unregulated, nondiscriminating monopolist
• C) a regulated monopolist charging a price equal to average total cost
• D) a regulated monopolist charging a price equal to marginal cost

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Definitions:

Piecewise Function

A function defined by multiple sub-functions, each applying to a certain interval of the main function's domain.

Want Ad

A classified advertisement placed in a newspaper or online platform by individuals seeking to buy, sell, or rent goods and services.

Local Newspaper

A publication focusing on community news, events, and interests, often serving a specific city or region.

Drag Factor

The pull of the road on the tires; it is a number that represents the amount of friction that the road surface contributes when driving.