Few firms in the United States are monopolies because A) few firms experience economies of scale. B) of antitrust laws. C) when a firm earns profits, other firms will enter its market. D) most products that firms produce have substitutes.

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Q: Which of the following is true in the long run for both perfect competition and monopoly?     1…

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Q: 2. How easy or difficult is it for a new seller to enter a monopoly? 3. How does a firm in a…

A: Answer 1 A single dealer in a market where section is simple would have next to no market power. On…

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A: Restrictive practices are actions or strategies employed by firms or organizations that limit…

Q: Barriers to entry may allow monopolies to earn positive economic profit in the long run prevent a…

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Q: Explain why consumer surplus declines when monopolies are present.

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Q: Problem 2 Consider a monopolistic firm deciding how many units of a new product to sell on the…

A: Approach to Solving the Question Understand the Problem Components:Cost Function: 𝐶(𝑞)=2𝑞2Inverse…

Q: In the long run equilibrium, which of the following will be correct for both perfectly competitive…

A: Perfect competition is a market structure in which there is a large number of buyers and sellers.…

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Q: Which of the following pricing strategies does not usually increase the profits of firms with market…

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Q: A monopolist is producing at a point at which marginal cost exceeds marginal revenue. How should it…

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Q: The perfectly competitive firm exhibits resource allocative efficiency (P = MC), but the…

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Q: Price discrimination, a strategy used by monopolists, involves charging different prices for the…

A: The practice of charging different prices for the same good or service to different consumers or…

Q: Which of the following can create monopolies? Economies of scale Scarce resources Agressive…

A: There are situations where a particular firm controls all the operations of the market. They control…

Q: What is "third-degree price discrimination" and how is it applied in markets? A) Charging different…

A: Step 1: Third - degree price discrimination is a pricing strategy where a seller charges different…

Q: Suppose a monopoly faces the following demand curve: p=10-q. Suppose also that marginal cost is…

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Q: A monopoly is producing 1000 units of outputs at price of $20. At that level of output, marginal…

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Q: In terms of which of the following is the monopoly greater than the competitive market? a)…

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Q: Comparing a perfectly competitive market to a monopoly, which of the following is true? Group of…

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Q: The inverse demand curve a monopoly faces is p=110 -Q. The firm's cost curve is C(Q) = 30 + 5Q. What…

A: A monopolist will maximise its profit at a point where marginal revenue is equal to marginal cost.

Q: A firm produces 400 units of output at a total cost of $1.000. If fixed costs are $200, average…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: How do you find the profit maximizing PRICE (not level of output) on a graph for a monopoly with…

A: Marginal revenue:Marginal revenue is the additional unit that is added to the total revenue. It is…