12. Which of the following choices is most likely to eliminate a pure monopolist's economic profits the most: A) barriers to entry D) non-price competition B) advertising E) of diseconomies of scale C) a fair return price Figure 2 ITC 13. Refer to Figure 2 for a profit maximizing pure monopolist. If the monopolist is unregulated, it will PA charge: PB A) price Pc and producing output Qx. HerB) price Pd and producing output Qy. Pc C) price Pa and producing output Qx. DD wemi D) price Pb and producing output of Qz basme PE even ten Stosal Ww noizullos ta Q X 9 9 4z 14. Refer to Figure 2: If a regulatory commission seeks to achieve the most efficient allocation of resources to this line of production, it will set a price of: A) Pc. D) Pb B) Pd. E) None of the Choices C) Pa. 15. Refer to Figure 2: The value of total revenue for this firm is: A) Pb x Qz B) Pd x Px C) Pax Qx ellogoneml Ably D) PC X QX E) Cannot be determined logonom gnilenimelb sol 16. Refer to Figure 2: Suppose a regulatory commission is created to determine a legal price for the monopoly. If the commission seeks to provide the monopolist with a "fair return," it will set price at: A) Pc no 2910libre D) Pd B) Pb E) Cannot be determined ashil joubong C) Pa 17. Large minimum efficient scale of plant combined with limited market demand may lead to: A. shared monopoly. C. natural monopoly. B. patent monopoly. D. government franchise monopoly