36. The practice of price discrimination is most closely associated with: A) Monopolists because they sell differentiated products. B) Monopolists because they can segment consumer groups C) Monopolistic competition because they create cartels D) Oligopolies because of sticky prices E) An increase in Deadweight Loss 37. Advertising, product promotion, and changes in the real or perceived characteristics of a product: A) Lead to excess capacity B) Are more significant in Oligopolies than Monopolistic Competition C) Are not aspects of non-price competition D) Promote firms to produce in more productively efficient ways E) All of the choices 38. In the long run a collusive oligopoly will maximize profits by producing that output at which marginal cost is equal to: A) average total cost. D) average variable cost. B) marginal revenue. E) average cost. C) MR = 0 anomiisom word et Figure 5 MC ATC 39. Refer to Figure 5 for a natural monopolist. If the monopolist is unregulated, it will maximize revenue by charging: Dollars A) at the socially optimal price B) price P2 and producing output Q2. C) price P1 and producing output Q1. Q3 21\\Q2 Quantity D) a price above P3 and selling a quantity less than Q3. MR E) price P3 and producing output Q3. 40. Refer to the above diagram for a natural monopolist. If a governmental regulatory commission forced the monopoly to produce at the allocationy efficient level of production: A) output will decrease. B) the monopoly would incur a loss D) the producer surplus would increase C) the firm will earn only a normal profit. E) price will equal minimum MC