Use the Following Table to Answer the Question : Table

question 35

Multiple Choice

Use the following table to answer the question : Table 15-1: shows the marginal cost [MC],marginal revenue [FH],and demand [FG] curves for a monopolist who faces constant costs.
Figure 15-1
-Refer to Figure 15-1.Given that P₁= $100,P₂ = $50,Q₂= 2,000 units,and Q₁=1,000 units,what is the deadweight loss of a monopoly?

• A)$10,000
• B)$2,000
• C)$50,000
• D)$25,000

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Definitions:

Jigsaw Classroom

An educational approach designed to minimize competition and maximize collaboration among students by giving each member of a group a piece of the overall puzzle to contribute.

Stereotype Threat

A psychological phenomenon where individuals fear they will be judged or treated based on negative stereotypes about their group, which can hinder their performance.

Anxiety

a feeling of worry, nervousness, or unease about something with an uncertain outcome, often characterized by physical symptoms.

Stereotype Threat

The risk of confirming negative stereotypes about one's social group, which can impair performance in areas related to those stereotypes.