Refer to the Information Provided in Figure 13

question 141

Multiple Choice

Refer to the information provided in Figure 13.12 below to answer the questions that follow. Figure 13.12
-Refer to Figure 13.12. Suppose a monopolist faces the demand and costs in the figure and is able to perfectly price discriminate. How much profit does the monopolist earn?

• A) $0
• B) $16,000
• C) $32,000
• D) Indeterminate from the given information.

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Definitions:

Capital Resources

Assets such as machinery, tools, and buildings that are used in the production of other goods and services.

Resource Availability

The extent to which inputs required for production, such as raw materials, labor, and capital, are readily obtainable in the economy or market.

Technological Capabilities

The skills, knowledge, tools, and processes available to an individual, organization, or society that enable technological developments or innovations.