As more information is gather, the marginal cost of additional information ________ and the marginal benefit of additional information ________

Refer to the figure above. If the monopolist faces a constant marginal cost of $10, at what price should it sell its output?

A) $2 B) $10 C) $12 D) $14

Some economists see monopolies as inevitable, but not necessarily bad. They recommend a policy of

a. regulating prices b. nationalization c. laissez-faire d. encouraging concentration e. splitting up the monopoly