The Following Table Gives the Cost and Demand Data for a Particular

question 60

Multiple Choice

The following table gives the cost and demand data for a particular market.

-Refer to the above information to answer this question.Suppose that the data describes a monopoly industry.What will be the monopoly price and output?

• A)$11.5 and 4.
• B)$10 and 5.
• C)$8.5 and 6.
• D)$7 and 7.
• E)$5.5 and 8.

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Definitions:

Anthophyta

A taxonomic group comprising all flowering plants, characterized by the presence of flowers and seeds enclosed in a fruit.

Phloem

The vascular tissue in plants responsible for the transport of nutrients and carbohydrates produced by photosynthesis.

Transport Nutrients

involves the movement of nutrients from one location to another within an organism or between organisms in an ecosystem.

Dissolved Sugars

Sugars that have been dissolved in a solution, which can readily be absorbed by plants and animals for energy.