The figure shows the demand for and costs of producing Charlene's Chocolates. If Charlene's Chocolates is a monopoly and charges one price to all customers, then the consumer surplus is ________

Goods and services bought domestically but produced in other countries are referred to as

A) exports. B) imports. C) transfer payments. D) foreign consumption.

  Firm A? High PriceLow PriceFirm BHigh priceA = $250A = $325??B = $250B = $200?Low priceA = $200A = $175??B = $325B = $175Refer to the above payoff matrix. If both firms collude to maximize joint profits, the total profits for the two firms combined will be:

A. $400 million. B. $500 million. C. $250 million. D. $350 million.