-Refer to Figure 9-3

question 210

Multiple Choice

-Refer to Figure 9-3. Suppose the monopolist represented in the diagram above produces positive output. What is the price charged at the profit-maximising/loss-minimising output level?

• A) $38
• B) $54
• C) $68
• D) $75

---

Definitions:

Glorious Revolution

The peaceful overthrow of King James II of England in 1688, leading to the reign of William and Mary, and the establishment of constitutional monarchy.

Colonists

Individuals or groups that settle in a new country or area, often establishing colonies under the control of a mother country.

Birthright

A right or privilege that one is entitled to at birth, often pertaining to citizenship or familial inheritance.

Liberty

Living without the influence of restricting authority over one’s personal life choices, behaviors, or political ideologies within the social order.