(Figure: the Home Monopolist's Market) the Graph Shows a Home

question 165

Multiple Choice

(Figure: The Home Monopolist's Market) The graph shows a home monopolist market with free and with the imposition of a tariff. What is the value of the country's deadweight loss due to the tariff?

• A) $1,225
• B) $4,900
• C) $2,450
• D) $1,000

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Definitions:

Implement

To put into action or execute a plan, tool, or strategy.

Trait Approach

A way of studying personality that focuses on the measurement of individual traits, which are consistent patterns of thought, feeling, and behavior.

Personality

The combination of characteristics or qualities that form an individual's distinctive character and determine how they interact with the environment and others.

Advantages

The favorable factors or benefits that contribute to someone's success in competition or comparison with others.