Use the Following to Answer Questions

question 209

Multiple Choice

Use the following to answer questions:
Figure: Monopolist
-(Figure: Monopolist) Refer to the figure. Based on the demand curves for a monopolist's product in two different markets-Market A and Market B-through the process of price discrimination, how much profit is the monopolist making in Market B?

• A) $260
• B) $780
• C) $1,040
• D) $520

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Definitions:

Simplest Alkene

Ethylene, also known as ethene, the simplest alkene consisting of a carbon-carbon double bond and the chemical formula C2H4.

Carbon Atoms

The basic building blocks of most of the molecules that form living organisms and the materials derived from them.

Alkene

A hydrocarbon that contains at least one carbon-carbon double bond, characterized by the 'ene' suffix.

Carbon Atom

The chemical element with symbol C and atomic number 6, essential to all known life and the basis for organic chemistry.