Other Things Equal,in Which of the Following Cases Would Economic

question 72

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:

Organisation

A systematic arrangement of people and resources managed to achieve a shared goal or set of goals within a certain context.

Global Marketplace

The international economic environment in which businesses operate, characterized by interconnected markets, global competition, and cross-border trade.

Conditions

Specific circumstances or factors that affect a situation, process, or environment.

Work Environments

The setting, conditions, and culture that employees experience in their workplace, including the physical, psychological, and social aspects.