Table 95 -Refer to Table 9

question 76

Multiple Choice

Table 9.5
$$\begin{array} { c c c } \text { Quantity } & \text { Price } ( \$ ) & \text { Total Cost (\$) } \\0 & 10 & 10 \\1 & 9 & 12 \\2 & 8 & 19 \\3 & 7 & 23 \\4 & 6 & 31 \\5 & 5 & 46 \\6 & 4 & 69 \\7 & 3 & 99\end{array}$$
-Refer to Table 9.5.The loss-minimizing output for a non-discriminating monopolist is _____

• A)0 units.
• B)2 units.
• C)3 units.
• D)4 units.
• E)5 units.

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Definitions:

Units of Output

The quantity of goods or services produced by a firm or industry.

Total Costs

The sum of all the costs incurred in the production of goods or services, including both fixed and variable costs.

Swords

Weapons with a long metal blade and a hilt with a hand guard, used for thrusting or striking.

Perfectly Competitive

A market structure characterized by many buyers and sellers, homogenous products, free entry and exit, and perfect information, leading to optimal distribution and prices.