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I am working on a practice exam and I am unsure how to go about this. question 33 Illinois State University : ECO 1( X

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I am working on a practice exam and I am unsure how to go about this. question 33

image text in transcribed
Illinois State University : ECO 1( X ? QUESTION 40 When a monopo x + C reggienet.illinoisstate.edu/portal/site/a9775572-ec12-4e46-a208-82625caabd11/tool/46a4dc0e-f39d-449e-a717-26e56cf3f7e8/Showitem?returnView=&studentitemld=0&b... To B IlinoisState.edu Gi Giving News Events Map Apply Search/A-Z My Reggienet BT Reset Selection Question 33 of 50 1 Points Consider a firm operating in a competitive market. The firm is producing 40 units of output, has an average total cost of production equal to $6, and is earning $240 economic profit in the short run. What is the current market price? O A. $0 O B. $6 O C. $10 O D. $12 Reset Selection Part 3 of 3 - Chapter 15 Question 34 of 50 1 Points Price discrimination adds to social welfare in the form of A. increased total surplus. O B. decreased total surplus O C. reduced costs of production.

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