In the below graph identify the combination point of the monopolist and perfectly competitive firm's profit-maximizing price and output. 9 8 7 6 5 Price تما 2 0 2 A B MR MC ATC Demand 8 9 Quantity a) At point A monopolist profit maximizing and at B Perfectly competitive. b) At point B monopolist profit maximizing and at A Perfectly competitive. c) Monopolist and perfectly competitive market maximizing profit at Point A. d) Monopolist and perfectly competitive market maximizing profit at Point B.

In the below graph identify the combination point of the monopolist and perfectly competitive firm's profit-maximizing price and output. 9 8 7 6 5 Price تما 2 0 2 A B MR MC ATC Demand 8 9 Quantity a) At point A monopolist profit maximizing and at B Perfectly competitive. b) At point B monopolist profit maximizing and at A Perfectly competitive. c) Monopolist and perfectly competitive market maximizing profit at Point A. d) Monopolist and perfectly competitive market maximizing profit at Point B.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Monopoly Market

When a company and its products dominate a sector or an industry, it is termed a monopoly. When a firm and its products control a market, then it is called a monopoly.

Question

Please provide accurate and correct answers to both questions without explanation. Thank you for your assistance.

In the below graph identify the combination point of the monopolist and perfectly competitive
profit-maximizing price and output.
firm's
Price
9
00
8
6
5
4
3
نما
2
-
0
A
B
MR
MC
ATC
Demand
8 9
Quantity
a) At point A monopolist profit maximizing and at B Perfectly competitive.
b) At point B monopolist profit maximizing and at A Perfectly competitive.
c) Monopolist and perfectly competitive market maximizing profit at Point A.
d) Monopolist and perfectly competitive market maximizing profit at Point B.

Suppose that there is a person- Person A. Person A quits her job where she earned $30,000 per
year. Now, suppose that person starts a business and uses his savings of $60,000 on which she
was earning a 10% rate of interest and uses it to buy the raw materials for business. He receives
$160,000 in revenue in his business and pays rent of $20,000 and $25,000 to laborers.
Calculate accounting costs.
a. 105,000
b. 45,000
c. 81,000
d. 115,000

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