The government has a monopoly on legitimate force

Donna owns the only dog grooming salon on Lonely Island. The figure above shows the dog grooming market. Donna is a single-price monopoly that maximizes profit by charging ________ per grooming and producing ________ groomings per day

A) $30; 8 B) $20; $8 C) $20; $12 D) None of the above answers is correct.

Many reporters in the media were critical of the high interest rates that many banks charged to lenders in the so-called sub-prime market. Using economic reasoning what was the likely justification for these high interest rates

What will be an ideal response?