Figure 15-17
Your college decides to offer a psychology course as a MOOC that can be taken by students anywhere in the world, whether they are actually enrolled in your college or not. The demand and cost situation for the MOOC is shown in the figure.
-Refer to Figure 15-17.An economics professor argues: "I think the course should be priced so as to achieve economic efficiency." How much profit (or loss) will the college make on the course if it charges this price?
A) -$2,592,000
B) -$1,080,000
C) $0
D) $450,000
Correct Answer:
Verified
Q245: Figure 15-16 Q246: Beginning in 1965, the head of the Q247: If a firm is a natural monopoly, Q248: A horizontal merger Q249: The Herfindahl-Hirschman Index is one factor used Q251: Congress has divided the authority to police Q252: Which two factors make regulating mergers complicated?
A)is a merger between firms
A)First,
