The science of "knowing the customer" is referred to as

Suppose a profit-maximizing monopolist faces a constant marginal cost of $10, produces an output level of 100 units, and charges a price of $50 . The socially efficient level of output is 200 units. Assume that the demand curve and marginal revenue curve are the typical downward-sloping straight lines. The monopoly deadweight loss equals $2,000

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

By drawing a demand curve with ________ on the vertical axis and ________ on the horizontal axis, economists assume that the most important determinant of the demand for a good is the ________ of the good

A) quantity; price; quantity B) price; quantity; quantity C) price; quantity; price D) quantity; price; price