Figure 83 Figure 8

question 115

Multiple Choice

Figure 8.3 Figure 8.3 above shows the demand and cost curves facing a monopolist.
-Refer to Figure 8.3.What happens to the monopolist represented in the diagram in the long run?

• A) It will raise its price at least until it breaks even.
• B) If the cost and demand curves remain the same, it will exit the market.
• C) The government will subsidise the monopoly to enable it to break even.
• D) It will be forced out of business by more efficient producers.

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Definitions:

Theca Interna

A layer of cells surrounding the ovarian follicle that secretes estrogen and other hormones during the female menstrual cycle.

Estrogen

A group of hormones responsible for the development and regulation of female characteristics and reproductive processes.

Granulosa Cells

Cells that line the follicle in the ovary and are responsible for the production of estrogen and the nourishment of the oocyte (egg cell).

GnRH Secretion

The release of Gonadotropin-Releasing Hormone, a peptide hormone responsible for triggering the pituitary gland to release gonadotropins.