17. Which of the following is not a true statement about monoplies?
a. Monopolies try to charge higher prices
than would result through competition.
b. By maximizing profits, monopolies
ultimately benefit social welfare.
c. Antitrust laws attempt to reduce
monopoly power.
d. Monopolies may try to influence the
political system in order to protect and
enhance their power.

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is