Answered: The figure below depicts the demand,…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Refer to the figure above (realize the MR curve in the above graph is for a single price monopolist, not for one that can price discriminate). If there are no fixed costs of production, monopoly profit with perfect price discrimination equals: Group of answer choices $2,000. $4,000. $1,000. $500. Refer to the figure above. If there are no fixed costs of production, maximized monopoly profit for a single-price monopolist that can not price discriminate equals Group of answer choices $4,000. $1,000. $500. $2,000. Refer to the figure above (the MR curve drawn is only relevant for a single price monopolist, not one that price discriminate). If the monopoly firm perfectly price discriminates, then the deadweight loss will be: Group of answer choices $500. $0. $200. $100.

The figure below depicts the demand, marginal revenue, and marginal cost
curves of a profit-maximizing monopolist.
Price
$40
30
20
Marginal Cost
Demand
10
Marginal
Revenue
100
200
300
400
Quantity

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