Author Question: If the market in the figure above changes from perfectly competitive to a profit-maximizing ... (Read 123 times)

casperchen82 · **on:** Jun 29, 2018

If the market in the figure above changes from perfectly competitive to a profit-maximizing single-price monopoly, the amount of the gain in producer surplus is the area ________.

A) ABH
B) BFGH
C) ACG
D) BDEH
E) ACE

Question 2

Which is the most likely reason why more young people from low-income regions are more likely to join the military, compared to those in high income regions?

A) They are more easily pressured by recruitment officers.
B) Their opportunity costs are relatively lower.
C) They are more patriotic than their richer counterparts.
D) They are, to put it bluntly, more foolish than their richer counterparts.