When the U.S. placed tariffs on French wine, France placed high tariffs on U.S. chickens. This is an example of

A monopsony is defined as a monopoly that has to negotiate with a labor union

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

Use the following graph to answer the next question. How much profit will this firm make?

A. $200 B. $400 C. $900 D. $500