Figure 93 Figure 9

question 123

Multiple Choice

Figure 9.3 Figure 9.3 above shows the demand and cost curves facing a monopolist.
-Refer to Figure 9.3.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:

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood, controlling basic emotions, and drives such as fear and pleasure.

Basic Survival Instincts

The innate, automatic behaviors and responses aimed at preserving one’s life and well-being.

Voluntary Movements

Movements controlled consciously by the brain, usually in response to stimuli or as deliberate actions, contrasting with involuntary movements like reflexes.

Cranial Nerves

are the twelve pairs of nerves that emerge directly from the brain, not the spinal cord, and control various functions of the body and head.