Refer to the figure above. If the average cost faced by the ...

[dalyningkenk]

Refer to the figure above. If the average cost faced by the monopolist when it produces and sells the optimal output is 4, ________.
 
  A) it makes a loss of 60
  B) it makes a loss of 120
  C) it makes a profit of 60
  D) it makes a profit of 90

Question 2

According to your authors, America's Great Depression of the 1930s was evidence of
 
  A) an unstable free market system
  B) rampant greed among entrepreneurs.
  C) a cluster or accumulation of errors.
  D) antagonistic interests among the propertied and nonpropertied classes.
  E) all of the above.

[Jbrasil]

Answer to Question 1

C

Answer to Question 2

C

[dalyningkenk]

Excellent

[EAN94]

Thanks for the timely response, appreciate it