Use the Following to Answer Questions

question 92

Multiple Choice

Use the following to answer questions:
Figure: Monopolist 3
-(Figure: Monopolist 3) In this figure, the monopolist's maximum profit is:

• A) $99.
• B) $45.
• C) $36.
• D) $54.

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Definitions:

Utilitarian

Pertaining to or based on the principle of utilitarianism, which advocates for actions that maximize happiness and well-being for the majority of a population.

Subjective

Based on or influenced by personal feelings, tastes, or opinions.

Valence

In psychology, the intrinsic attractiveness or aversiveness of an event, object, or situation.

Drive Theory

A psychological theory that posits human behavior is motivated by biological drives to meet needs such as food, water, or sleep.