If the number of people who want to sell off stocks are higher than those who want to buy it, the stock prices move up

Prime Pharmaceuticals has developed a new asthma medicine, for which it has a patent. An inhaler can be produced at a constant marginal cost of $2/inhaler

The demand curve, marginal revenue curve, and marginal cost curve for this new asthma inhaler are in the figure above. With its patent giving it a monopoly for its new inhaler, if Prime Pharmaceuticals operates as a single-price monopoly, then there will be a deadweight loss equal to A) $24 million. B) zero. C) $16 million. D) $32 million.

The highest valued alternative that must be given up to engage in an activity is the definition of

A) marginal cost. B) marginal benefit. C) opportunity cost. D) economic equity.