Answer the Question on the Basis of the Following Information

question 33

Multiple Choice

Answer the question on the basis of the following information for a pure monopolist: $\begin{array}{ccc}\begin{array}{ccc}\\\text { Output } & & \text { Total Cost } \\\hline0 & & \$ 250 \\1 & & 260 \\2 & & 290 \\3 & & 350 \\4 & & 480 \\5 & & 700\end{array}\begin{array}{l}\text { Product }\\\begin{array}{c}\text { Price } \\\hline \$ 500 \\300 \\250 \\200 \\150 \\100\end{array}\end{array}\end{array}$ The given nondiscriminating monopolist should set its price at:

• A) $300.
• B) $250.
• C) $200.
• D) $150.

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Definitions:

Stimulus Discrimination

The learned ability to distinguish between a conditioned stimulus and other stimuli that do not signal an unconditioned stimulus.

Pigeon

A common bird known for its ability to find its way home over long distances, often used in research on navigation and in studies related to behaviorism.

Blue Light

A type of light with a short wavelength and high energy, which is emitted by electronic screens and can affect sleep patterns by interfering with melatonin production.

Biologically Predisposed

The inherent tendency or susceptibility to behave, react, or develop in certain ways based on genetic factors.