Multiple Choice
Use the figure below to answer the following questions.
Figure 13.4.6
-Prime Pharmaceuticals has developed a new asthma medicine, for which it has a patent. An inhaler can be produced at a constant marginal cost of $2 per inhaler. The demand curve, marginal revenue curve, and marginal cost curve for this new asthma inhaler are shown in Figure 13.4.6. The patent gives Prime Pharmaceuticals a monopoly for its new inhaler. If Prime Pharmaceuticals can perfectly price discriminate, then consumer surplus is
A) zero.
B) $24 million.
C) $64 million.
D) $44 million.
E) $32 million.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Use the figure below to answer the
Q15: Use the figure below to answer the
Q16: Use the figure below to answer the
Q17: Use the figure below to answer the
Q19: For a monopoly able to practice perfect
Q21: Use the figure below to answer the
Q23: Use the figure below to answer the
Q58: Rate of return regulation can end up
Q64: Under a marginal cost pricing rule,a regulated
Q66: In a natural monopoly,the long-run average cost