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quiz helpful for midterms and final (3)

quiz helpful for midterms and final (3) - Principles of...

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Page 1 Principles of Economics EC 1 UCLA Dr. Bresnock Quiz 11 (15 points; 1 point each question) Choose the best answer from the choices provided and mark it on your answer form. A) B) C) D) Use the following to answer Question 2: Figure: Computing Monopoly Profit 2. The profit-maximizing price is _______ and will generate total economic profit of _______. A) P 2 ; EF B) P 3 ; the rectangle P 1 P 2 FG C) P 3 ; the rectangle P 2 P 3 EF D) P 2 ; EF 1. The demand curve for a monopoly is:
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