Refer to the figure above. What is the total surplus after Lithasia opens up to free trade?

A monopolist has a marginal cost of $10 and no fixed cost. It faces the following inverse demand curve: p = 80 - q. The monopolist can engage in an advertising campaign that leads to a new inverse demand curve represented by p = 100 - q. What is the maximum amount that the monopolist is willing to spend in this campaign?

A) $650 B) $800 C) $1,000 D) It cannot be determined.

The market mechanism provides a financial incentive for firms to minimize the pollution they create

a. True b. False Indicate whether the statement is true or false