Question: 16 Authors are allowed to be monopolists in the sale of their books in order to O promote a society in which people think

16 Authors are allowed to be monopolists in the sale of their books in order to O promote a society in which people think for themselves and learn from whichever boo- they please. correct for the negative externalities that the Internet and television impose. satisfy literary advocacy groups that exercise their lobbying power. None of the above is correct. 17 For a monopoly firm, price always equals marginal revenue. price always exceeds average revenue. any price-quantity combination will maximize profits. None of the above is correct 18 0 2.5/2

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