The figure above represents the demand and cost functions facing a Brazilian Steel producing monopolist. If it were unable to export, and was constrained by its domestic market, what quantity would it sell at what price?
What will be an ideal response?
It would sell 5 (million tons) at a price of $8/ton.
You might also like to view...
Refer to the scenario above. Which of the following will happen if she puts him into a day care?
A) The country's GDP will decrease by $12,000. B) The country's GDP will increase by $12,000. C) The country's GDP will remain unchanged. D) The country's trade deficit will increase by $12,000.
Which of the following is not part of the "regulation of health insurance" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Individuals with pre-existing medical conditions are able to acquire health insurance. B) All policies must provide coverage for dependant children up to age 26. C) Limits on the size of deductibles and on waiting periods before coverage takes effect have been eliminated. D) Lifetime dollar maximums on coverage are prohibited.