Based on the MSRB pay to play rule, the contribution by the finance professional to the candidate b. cannot exceed $250.
<h3 /><h3>What is the MSRB pay to play rule?</h3>
This is a rule that governs financial dealings in municipalities between those in the municipal securities business and the non affiliated persons.
One of the rules states that a finance professional that is registered in a municipality cannot contribute more than $250 to a candidate running for Mayor as it might cause bias.
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For a monopolist b. price is above marginal revenue.
<h3>What Is Marginal Revenue? </h3>
Marginal revenue can be regarded as increase in revenue which is been gotten from the sale of one additional unit of output.
As a monopolist that is the the only seller in the market, then their marginal revenue is usually above price because they don't have a competitor that is close enough.
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Answer:
$2
$3.50
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
$6.75 - $4.75 = $2
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
$4.75 - $1.25 = $3.5
An example of a natural monopoly product would be "Gasoline" because there are several companies who use the one national network. Therefore, gas is a natural monopoly at the distribution stage, but at the retail stage, it is possible to have competition.
