Use the Following to Answer the Questions Below

question 11

Multiple Choice

Use the following to answer the questions below:
For each pair of carboxylic acids, select a correct characterization from the response list. Responses may be used more than once or need not be used at all.

-Citric acid, Lactic acid

• A) Both are dicarboxylic acids.
• B) Both are C₃ acids.
• C) Both are monohydroxy acids.
• D) Both are unsubstituted monocarboxylic acids.

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Definitions:

Single Price Monopolist

A monopolist that charges all consumers the same price for its product, as opposed to practicing price discrimination.

Profit Area

The part of a business or market where the difference between revenue and costs is positive, indicating financial gain.

Government-Granted Monopolies

These monopolies exist when a government gives exclusive rights to a single firm or entity to provide a good or service, often to ensure stability or to control quality and pricing.

Willingness to Pay

The maximum amount an individual is prepared to sacrifice to procure a good or avoid something undesirable.