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There are two U.S. locations where your company is currently the only producer of soda. You currently make 40 in each location, but Pepsi is entering the markets. What decision should you make? (the chart applies to each location) Question 16 A firm that is considering one independent project should accept it if Selected Answer: the internal rate of return on the project exceeds the firm's cost of capital Question 17 A monopolist faces a marginal revenue function of MR = 20 Q. The monopolist's marginal cost is $15 at all levels of output. How many units of output should the firm produce in order to maximize profits? Question 18 Which of the following is always illegal in the U.S.? Question 19 The restaurant industry has a market structure that comes closest to Question 20 Which of these deals with asymmetry of information? Question 21