Macmillan Learning (Figure: The Regional Monopolist) Use Figure: The Regional Monopolist. Assume a regional monopolist has no fixed costs. If the firm profit-maximizes, it will produce. Its profit will be units and charge a price of the consumer surplus will be and the deadweight loss is Price, MR, MC 100 65 50 30 MR 35 50 70 MC 100; $65; $1,500; $615.50; $1,000 35; $65; $1,225; $612.50; $612.50 50; $30; $1,200; $600; $100 70; $35; $1,225; $615.50; $615.50 D 100 Quantity
Macmillan Learning (Figure: The Regional Monopolist) Use Figure: The Regional Monopolist. Assume a regional monopolist has no fixed costs. If the firm profit-maximizes, it will produce. Its profit will be units and charge a price of the consumer surplus will be and the deadweight loss is Price, MR, MC 100 65 50 30 MR 35 50 70 MC 100; $65; $1,500; $615.50; $1,000 35; $65; $1,225; $612.50; $612.50 50; $30; $1,200; $600; $100 70; $35; $1,225; $615.50; $615.50 D 100 Quantity
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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