pleasee the question below Facebook is the biggest seller of advertising space in the socialmedia market (Instagram is also a major seller, but it is owned byFacebook). Assume that Facebook is a monopolist and isillustrated by the graph below.Use the below graph for #9 - 16.P(5)17161514a, 14.0ATC34, 1.416, 1.817, 1831. 1.4MC1011 12134 15 1617e19 20 21 22 23 24 25 26 27 28 2930 31 32 33 34Q (milions)What is the quantity of ads that Facebook sells?QUESTION 10What price does Facebook charge?QUESTION 11What is the size of the mark-up?QUESTION 12What is the profit earned by Facebook?

We know that monopolist is a price maker and in this case, the price is decided by the monopolist…

Facebook). Assume that Facebook is a monopolist and is illustrated by the graph below. Use the below graph for #9 - 16. P(S) 16 17 16 15 14 1, 14.0 ATC 34, 1.4 16, 18 D 31. 1.4 17, 1.8 MC 1011 1213 14 15 16 17e19 20 21 22 23 24 25 26 27 28 2930 31 32 33 34 Q (milions) 15, 1.9 What is the quantity of ads that Facebook sells? QUESTION 10 What price does Facebook charge? QUESTION 11 What is the size of the mark-up? QUESTION 12 What is the profit earned by Facebook?

Facebook). Assume that Facebook is a monopolist and is illustrated by the graph below. Use the below graph for #9 - 16. P(S) 16 17 16 15 14 1, 14.0 ATC 34, 1.4 16, 18 D 31. 1.4 17, 1.8 MC 1011 1213 14 15 16 17e19 20 21 22 23 24 25 26 27 28 2930 31 32 33 34 Q (milions) 15, 1.9 What is the quantity of ads that Facebook sells? QUESTION 10 What price does Facebook charge? QUESTION 11 What is the size of the mark-up? QUESTION 12 What is the profit earned by Facebook?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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