A Monopolist Has a Constant Marginal Cost of $2 Per

question 12

Multiple Choice

A monopolist has a constant marginal cost of $2 per unit and no fixed costs.He faces separate markets in the United States and England.He can set one price p₁ for the U.S.market and another price p₂ for the English market.If demand in the United States is given by Q₁ = 6,000 - 600p₁ and demand in England is given by Q₂ = 2,400 - 400p₂, then the price in the United States will

• A)be larger than the price in England by $2.
• B)be smaller than the price in England by $2.
• C)equal the price in England.
• D)be larger than the price in England by $4.
• E)be smaller than the price in England by $4.

---

Definitions:

Formatting

A process of arranging or modifying the presentation of data.

Layout

The arrangement of elements on a page, slide, or document, including text, images, and other components.

Summary Options

Features or settings that allow users to view a condensed version of content or data, highlighting key information.

Data Type

A classification specifying the type of data that can be stored and how it can be treated, such as integer, float, string, or Boolean.