The Following Graph Gives Cost and Revenue Data for a Monopolist

question 11

Multiple Choice

The following graph gives cost and revenue data for a monopolist:

-Refer to the above graph to answer this question.If the monopolist is unregulated and wishes to maximize its total profit,what will be its price and output?

• A)$0 and 80.
• B)$10 and 70.
• C)$10 and 140.
• D)$40 and 80.
• E)$45 and 70.

---

Definitions:

Compassion

The emotional response of understanding and caring for others, coupled with a desire to alleviate their suffering.

Participative

A leadership or management style where decision-making is shared with others, especially the members of the team, encouraging input and involvement from all.

In-Group Collectivism

The tendency for members within a group to prioritize and emphasize the goals, needs, and views of the group over individual ones.

Farmer-Owned

A business or cooperative that is owned and controlled by the farmers who produce the goods or use the services it provides.