In What Way Is Cryolite (Na₃AlF₆)used in the Production of Aluminum

question 23

Multiple Choice

In what way is cryolite (Na₃AlF₆) used in the production of aluminum?

• A) Cryolite is a catalyst,it increases the rate of aluminum reduction.
• B) Cryolite-bauxite mixtures melt at lower temperatures than pure bauxite.
• C) Cryolite makes aluminum more corrosion resistant.
• D) Cryolite is reduced to aluminum at the cathode.
• E) Cryolite is oxidized to F₂(g)at the anode.

Calculate the effects of monopsony power on pricing, including markdowns and marginal value.

Analyze monopolistic markets, including demand functions, pricing strategies, and marginal costs.

Compute deadweight loss and the coefficient of monopsony power in monopsonistic markets.

Differentiate between monopsony, monopoly, bilateral monopoly, and oligopsony market structures.

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