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Revenues and costs (dollars) charge the price of. 49. Refer to the graph above. If this monopolist were allowed to choose the profit - maximizing level of output, it would produce _, earn _ in profit/ loss, and create _ in deadweight loss. a) 400 units; $20; $1,200 profit; $2,00 b) 300 units; $30; $3,000profit; $2,000 c) 200 units; $10; $3,000 loss, zero d ) 500 units; $20; $1,000 loss; $3,000 50. Refer to the graph above. If this monopolist were regulated by government and charge the price of agency and forced to set the socially optimal price, it would likely produce. and the market would be units; $10; competitive. d) 400 units; $15; productive. a) 500 units; $20; efficient b) 600 units, $15; inefficient. c) 300 40 30 20 10 $ C C Refer to the graph below: SMC stays for short-run MC. SMC D ATC AVC MR 0 200 400 600 800 1,000

Revenues and costs (dollars) charge the price of. 49. Refer to the graph above. If this monopolist were allowed to choose the profit - maximizing level of output, it would produce _, earn _ in profit/ loss, and create _ in deadweight loss. a) 400 units; $20; $1,200 profit; $2,00 b) 300 units; $30; $3,000profit; $2,000 c) 200 units; $10; $3,000 loss, zero d ) 500 units; $20; $1,000 loss; $3,000 50. Refer to the graph above. If this monopolist were regulated by government and charge the price of agency and forced to set the socially optimal price, it would likely produce. and the market would be units; $10; competitive. d) 400 units; $15; productive. a) 500 units; $20; efficient b) 600 units, $15; inefficient. c) 300 40 30 20 10 $ C C Refer to the graph below: SMC stays for short-run MC. SMC D ATC AVC MR 0 200 400 600 800 1,000

Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter14: Indirect Price Discrimination
Section: Chapter Questions
Problem 5MC
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Revenues and costs (dollars) charge the price of. 49. Refer to the graph above. If this monopolist were allowed to choose the profit - maximizing level of output, it would produce _, earn _ in profit/ loss, and create _ in deadweight loss. a) 400 units; $20; $1,200 profit; $2,00 b) 300 units; $30; $3,000profit; $2,000 c) 200 units; $10; $3,000 loss, zero d ) 500 units; $20; $1,000 loss; $3,000 50. Refer to the graph above. If this monopolist were regulated by government and charge the price of agency and forced to set the socially optimal price, it would likely produce. and the market would be units; $10; competitive. d) 400 units; $15; productive. a) 500 units; $20; efficient b) 600 units, $15; inefficient. c) 300 40 30 20 10 $ C C Refer to the graph below: SMC stays for short-run MC. SMC D ATC AVC MR 0 200 400 600 800 1,000
Transcribed Image Text:Revenues and costs (dollars) charge the price of. 49. Refer to the graph above. If this monopolist were allowed to choose the profit - maximizing level of output, it would produce _, earn _ in profit/ loss, and create _ in deadweight loss. a) 400 units; $20; $1,200 profit; $2,00 b) 300 units; $30; $3,000profit; $2,000 c) 200 units; $10; $3,000 loss, zero d ) 500 units; $20; $1,000 loss; $3,000 50. Refer to the graph above. If this monopolist were regulated by government and charge the price of agency and forced to set the socially optimal price, it would likely produce. and the market would be units; $10; competitive. d) 400 units; $15; productive. a) 500 units; $20; efficient b) 600 units, $15; inefficient. c) 300 40 30 20 10 $ C C Refer to the graph below: SMC stays for short-run MC. SMC D ATC AVC MR 0 200 400 600 800 1,000
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