Refer to Figure 12-3. Currently Q0 of electrical power is being produced. The demand curve is represented by D, and the current market supply is represented by SO. It is discovered that the Rocky Mountain Electrical Co-op and Power Company is discharging waste into the area water supply. As a result, 81 represents the supply curve with external costs included. Which of the following price levels represents the true internalized cost of production at the Q0 level of output? 0P0 On Q There is insufcient information available to provide an accurate answer. 0P2 Figure 94 Refer to Figure 9-4. What area indicates the welfare loss due to monopoly pricing and output practices? How will a prot-maximizing firm in a perfectlyr competitive market react to a decrease in the short-run market demand curve? 0 a) It will not react because its demand curve is perfectly elastic. O b) It will sell capital to decrease its output. 0 Cl It will decrease output because the marginal revenue curve shifts downwards. Q d} It will increase output because some firms will leave the industry. If the total cost of producing 5 units equals $40 and the average total cost of producing 6 units equals $7.75, then what is the marginal cost of the sixth unit produced? O It is greater than the average total cost of producing five units. O It is less than the marginal cost of producing the fifth unit. O It is less than the average total cost of producing five units. O It is greater than the marginal cost of producing the fifth unit.Which of the following best describes a monopolist in the short run? C It always suffers an economic loss. O It always earns an economic profit. O It always earns a normal rate of return. C It may make an economic loss, an economic profit, or zero economic profits