1. (Figure 9.7) The levels of producer surplus under monopoly and perfect competition are Price (S) 100- 90- 80- 70- 60- 50- 40 30- 20- 10- 0 $800; $0 $600; $200 $1,200; $0 $800; $400 10 20 MR 30 40 MC D 50 Quantity and , respectively

1. (Figure 9.7) The levels of producer surplus under monopoly and perfect competition are Price (S) 100- 90- 80- 70- 60- 50- 40 30- 20- 10- 0 $800; $0 $600; $200 $1,200; $0 $800; $400 10 20 MR 30 40 MC D 50 Quantity and , respectively

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

1. (Figure 9.7) The levels of producer surplus under monopoly and perfect competition are
Price (S)
100-
90-
80-
70
60
50-
40-
30-
20-
10-
$800; $0
$600; $200
$1,200; $0
$800; $400
10
20
MR
30
40
MC
50 Quantity
and respectively.

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Answer Q 4
Solve all questions compulsory..
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