____ 24. In Figure 10-3, which of the following is true, whether or not the monopolist is maximizing profits? ____ 25. In Table 10-2, average cost at...

____ 24. In Figure 10-3, which of the following is true, whether or not the monopolist is maximizing profits? ____ 25. In Table 10-2, average cost at the profit-maximizing output is how much? ____ 26. Which of the following can be said about a monopoly? A. Monopolies are always inefficient and are therefore the least desirable form of market. B. They can cause a shift in the demand curve to benefit society. C. They may aid in innovation. D. All of the above are correct. ____ 27. The firm in Figure 10-7 is an unregulated monopolist; it will produce which of the following? A. 175 units at a price of 7 b. 100 units at a price of 6 c. 100 units at a price of 9 d. 150 units at a price of about 7.5 ____ 28. Firms that engage in price discrimination a. will earn less profit than those that do not discriminate. B. will earn more profit than those that do not discriminate. C. are biased against certain buyers in the market. D. will always produce less output than firms that do not di