Need question #5 and #6 wages and $15 million in raw materials. The factory and equipment that they are renting (through anQ5 Suppose that a monopolist is selling 50,000 units at a price of $1,000. They are paying $20 million inQ4 When the per-person value of a product rises with the total number of users of the product, thatvely efficient because monopolist produces andlốt equal MCb) P does not equal MCC)P does not equal minimum ATCd) consumer surplus is negativeproduct has the property of:a) simultaneous consumptionb network effectc) X-inefficiencyd) rent-seeking behaviorannual contract) costs $25 million, What happens in the short run in this market?a) Monopolist would continue producingb) Monopolist would shut down productionc) Monopolist would charge the highest price possibledo Suppose that a monopolist is selling 50,000 units at a price of $1,000. They are paying $20 million inwages and $15 million in raw material:annual contract) costs $25 million. What happens in the long run in this market?factory and equipment that they are renting (through ana) Monopolist would exit marketb) Entrepreneurs would enter marketc) Neither of the above

Monopoly exist in short run when they are able to cover variable cost in short run . But in long run…

wasepose that a monopolist is selling 50.000 units at a price of $1.000. They are paying $20 million in wages and $15 million in raw materials, The factory and equipment that they are renting (through an annual contract) costs $25 million, What happens in the short run in this market? a) Monopolist would continue producing b) Monopolist would shut down production c) Monopolist would charge the highest price possible do Suppose that a monopolist is selling 50,000 units at a price of $1,000. They are paying $20 million in wages and $15 million in raw materials. The factory and equipment that they are renting (through an annual contract) costs $25 million. What happens in the long run in this market? a) Monopolist would exit market b) Entrepreneurs would enter market c) Neither of the above