please do both them correctly . The diagram below shows the demand curve for a monopoly and the costcurves for a single firm.Suppose this firm is being regulated using a policy of average-cost pricing.In this case, the firm would experiencerepresented by theareaOA. profits; P2P3abOB. losses; OP2eQ2O C. losses; cbedOD. no losses, no profits; -○ E. profits; cbedPriceP3beP₂ATCP1MCDOutput Consider the payoff matrix at right.○ A. The low output - low output pair of strategies is a Nash equilibrium.○ B. The low output - low output pair of strategies is a collusive outcome.○ C. The high output-high output and low output - low output pairs of strategies are Nash equilibria.○ D. The high output-high output and low output - low output pairs of strategies are collusiveoutcomes.○ E. The high output-high output pair of strategies is a collusive outcome.Firm BHigh Output Low OutputHigh Output $20 $20 $30 $6Firm ALow Output $6 $30 $26 $26

The monopoly refers to the market structure where only single firm exists in the market. There is no…

The diagram below shows the demand curve for a monopoly and the cost curves for a single firm. Suppose this firm is being regulated using a policy of average-cost pricing. In this case, the firm would experience represented by the area OA. profits; P2P3ab OB. losses; OP₂eQ2 OC. losses; cbed OD. no losses, no profits; - O E. profits; cbed

The diagram below shows the demand curve for a monopoly and the cost curves for a single firm. Suppose this firm is being regulated using a policy of average-cost pricing. In this case, the firm would experience represented by the area OA. profits; P2P3ab OB. losses; OP₂eQ2 OC. losses; cbed OD. no losses, no profits; - O E. profits; cbed

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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