please answer all questions! A monopolist faces market demand given by P=60 - Q. For this...

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A monopolist faces market demand given by P=60 - Q. For this market, MR = 60 - 20 and MC -Q. What is the deadweight loss due

The figure below reflects the cost and revenue structure for a monopoly firm. Cost and Revenue) Curvec Curve D Quantity Refer

Scenario 15-1 Consider the market for water in a small town in the Old West. Assume that the only source of water is the unde

Scenario 15-2 A monopoly firm maximizes its profit by producing 500 units output (so Q = 500). At that level of output, its m

Figure 15-6 Price Marginal Cost Demand 100 150 200 Quantity Marginal Revenue Refer to Figure 15-6. To maximize total surplus,

business economics

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Answer 1

Answer #1

1. option 2

Price DWL — Q 1 10 20 30 40 50 60 70 -MC Quantity

=0.5*(20)*(40-20) = $200

2. Curve D

3. Option 4. Because of available of own well the sellers are forced to sell at MC

4. Option 2. TC = ATC*Q = 36*500 = $18000

5. Option 4. It would be at a point where MC=MR

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Answer 2

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