In the figure above, compared to a perfectly competitive industry ...

[AEWBW]

In the figure above, compared to a perfectly competitive industry with the same costs, a single-price, unregulated monopoly will raise the price by
 
  A) 2.00 per unit.
  B) 4.00 per unit.
  C) 6.00 per unit.
  D) 8.00 per unit.

Question 2

The figure above shows a perfectly competitive firm. When the firm maximizes its profit, its total revenue is
 
  A) 1,200.
  B) 900.
  C) 600.
  D) unable to be determined without more information.

[cpetit11]

Answer to Question 1

B

Answer to Question 2

A

[AEWBW]

Thank you

[cpetit11]

No problemo