Refer to the information provided in Figure 13.3 below to answer the question(s) that follow. 
Figure 13.3Refer to Figure 13.3. This firm's marginal revenue will be positive at
A. all prices.
B. prices above $10.
C. prices between $4 and $8.
D. all prices below $20.
Answer: B
Economics
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Refer to the scenario above. The winner of this auction will earn a surplus of ________ if he/she follows his/her dominant strategy
A) $100 B) $50 C) $400 D) $200
Economics
Quotas imposed on U.S. imports into Japan tend to:
A) penalize both U.S. consumers and Japanese consumers. B) benefit both U.S. consumers and Japanese consumers. C) penalize U.S. consumers and benefit Japanese consumers. D) benefit U.S. consumers and penalize Japanese consumers.
Economics