The diagram below shows a profit-maximising monopolist's cost and revenue curves; the firm only incurs fixed costs of production and no variable costs. Costs and Revenue 0 D MR The price set by the firm will be ATC AR Output

Imagine that you ale managing a small firm and thinking about entering the market of a monopolist. The monopolist is currently charging a high price, and you have calculated that you can make a nice profit charging 10 less than the monopolist. Before you go ahead and challenge the monopolist, what possibility should you consider for how the monopolist might react?

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The diagram shows the equilibrium of a profit-maximising monopolist. Cost/revenue (£) Which area represents the supernormal profits made by the monopolist? OABQ MC ABDH AC ABFG B JCFG Al АВСЈ G AR MR Quantity (Q) O o o O O

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Draw the demand, marginal revenue, average total cost, and marginal cost curves for a monopolist.(a) Show the profit-maximizing level of output, the profit-maximizing price, and the amount of profit(b) Â Now assume marginal cost pricing is imposed. On the graph, shade the area repre- senting the profit or loss for the firm after marginal cost pricing is imposed.(c) Â Show the level of output that maximizes total surplus. Show the deadweight loss from the monopoly. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

$30 MC ATC $20 $10 MR Demand 10 20 30 40 Quantity (in Thousands per Month) What is the maximum profit per month that the monopolist will be able to earn according to the graph? zero approximately $20,000 approximately $50,000 Oapproximately $100,000 Price

Answer the question by referring to the table below. The table shows the demand curve facing a monopolistwho produces at constant marginal cost of 6. In short-run equilibrium, the monopolist will produceQuantity Price10 1020 930 840 750 660 5a) 20 unitsb) 30 unitsc) 40 unitsd) 50 units

The Mamas and the Papas, a monopolist, faces a constant marginal cost of $3 of producing cashews. If it believes the elasticity of demand for cashews is -4, calculate the price it should charge for its product.    Write answer explicitly

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