inch of the following occurs with both perfectly price discriminating and single pnee monopolies? All consumer surplus goes to the monopoly. The unregulated, single-price monopolist illustrated in the figure above has a total profit of O $40.00 per day. O $8.00 per day. O $16.00 per day. O $36.00 per day.rect Question 14 0 / 1 pts Which of the following is a characteristic of monopoly in the long run? O The firm can make an economic profit. O Price equals marginal cost. O Price equals marginal revenue. O The firm makes zero economic profit.Question 13 0 / 1 pts In the monopoly, the firm's marginal revenue curve is while in a perfectly competitive market, each firm's marginal revenue curve is O downward sloping; horizontal O horizontal; downward sloping O upward sloping; horizontal O downward sloping; upward slopingQuestion 10 0 / 1 pts Two duopoly firms that sell an identical good form a cartel. They decide to collude and fix the price of their good. If they have an agreement for 10 years then the likely outcome for every year until the first 9 years will be for O both will cheat. O only one will cheat. O It is impossible to say. O neither one will cheat.Question 8 0 / 1 pts Cartels are typically subject to cheating by their members because O product differentiation allows the firms in the cartel to cheat. the U.S. Justice Department will punish any cartel agreement before the cartel has had a chance to operate. O barriers to entry do not exist so new entrants will join. if the other firms stick to the agreement, a firm can increase its profits by cutting its price.t Question 6 0 / 1 pts Which of the following is FALSE regarding a collusive agreement? I. It is illegal in the United States. II. Two or more producers agree to restrict output or raise prices. III. Firms' profits are never maximized under this sort of agreement. O I and III O I, II and III O III O II and IIIct Question 5 0 / 1 pts Firm A R&D No R&D A: $25 A: -$3 R & D B: $15 B: $60 Firm B A: $60 A: $50 No R&D B: -$3 B: $35 Firms A and B can conduct research and development (R&D) or not conduct it. R&D is costly but can increase the quality of the product and increase sales. The payoff matrix is the economic profits of the two firms and is given above, where the numbers are millions of dollars. Does Firm B has a dominant strategy?Firms A and B can conduct research and development (R&D) or not conduct it. R&D is costly but can increase the quality of the product and increase sales. The payoff matrix is the economic profits of the two firms and is given above, where the numbers are millions of dollars. Does Firm B has a dominant strategy? O conduct R&D only if B does not conduction R&D. O conduct R&D only if B conducts R&D. not conduct R&D regardless of what B does. O conduct R&D regardless of what A does