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

question 95

Multiple Choice

The following table gives the cost and demand data for a monopolist:

-Refer to the above information to answer this question.Suppose that the monopolist is unregulated.What will be the level of maximum profit?

• A)$0.
• B)$3.
• C)$12.
• D)$15.
• E)$60.

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Definitions:

Self-Fulfilling Prophesy

A prediction that directly or indirectly causes itself to become true, due to the positive feedback between belief and behavior.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Self-Serving Bias

The common tendency to attribute successes to personal abilities and failures to external factors.

Defensive Attribution

A psychological process by which individuals assign causes to behaviors or outcomes in a way that defends their self-esteem.