Yes it is true that monopoly cannot charge the price that it want because it follows the demand curve .
demand curve is inverse in nature .
so if Monopoly charges higher price then its quantity demand will decrease 1 unit or no unit .
Monopoly main motto is to maximize profit not to charge high price and it maximize profit where marginal revenue equal to marginal cost
Why would a monopolist not charge the highest price possible? Include appropriate terminology that supports your...
What stops oligopolists from acting together as a monopolist and earning the highest possible level of profits? T T T 쫓 Paragraph v/ Arial 3(12pt) -·-·T·ノ·e ﹀ vt Would you expect the kinked demand curve to be more extreme (like a night angle) or less extreme (like a normal demand curve) if each firm in the carte produces a near-identical product like OPEC and petroleum? What if each firm produces a somewhat different product? Explain your reasoning TH
Please explain your work and include a mechanism!!! Why would a methyl ester be a bad protecting group if you are planning to do a Grignard reaction? If possible, show your reasoning with a reaction scheme and mechanism
1. One way the monopolist can test consumers for the highest price they are willing to pay is by which of the following? Reveal preferences surveys. Setting the highest price possible. Forcing consumers to pay a higher price. Keep the prices high as possible. 2. If a firm is surviving which of the following is correct? Multiple Choice It’s making revenues. It’s incurring a loss. It’s making a profit. It’s not breaking even. 3. The portion of the demand curve...
Name the following compounds. (Include stereochemical terms where appropriate. Only use cis/trans terminology for cyclic structures. Omit customary italics from your name.) Name the following compounds. (Include stereochemical terms where appropriate. Only use cis/trans terminology for cyclic structures. Omit customary italics from your name.) SH The IUPAC name is OH H3C H CH3 OH The IUPAC name is Submit Answer Try Another Version 8 item attempts remaining
What is the charge Q1? Express your answer to three significant figures and include the appropriate units. Constants Two small nonconducting spheres have a total charge of Q- 1Q 95.0 C, Q1Q2. When placed 22.0 cm apart, the force each exerts on the other is 13.0 N and is repulsive. -Value Units Submit X Incorrect; Try Again; 2 attempts remaining Part B What is the charge Q2? Express your answer to three significant figures and include the appropriate units. 2Value...
Suppose that a price-searcher monopolist had a total cost function given by: TC= 10 + Q +0.1Q. The demand for the price searcher's product is given by: Qp= 50-10P. Calculate the price the monopolist will charge. (Do not include a dollar sign in your response. Round to the nearest two decimals.) Answer: Check
Is a monopolist can charge a different price for each customer based on that buyers willingness to pay, they would: O Consumer suplus is maximized O Producer surplus is maxmized O Consumer surplus equals producer surplus O None of the above
Is it possible to create a buffer with NH3 and HCl as your starting materials? If your answer is no, explain why a buffer is not possible. If your answer is yes, which species would need to be in excess? Why? In either case, explain your reasoning with the use of a chemical equation.
Answer the following questions. Please support your answers with appropriate reasoning. 1. What would be a sufficient congruence condition for convex pentagons to be congruent? Explain your answer. 2. Do you think that the notion of a "square unit" can be used to measure area in hyperbolic geometry? Explain why or why not? Answer the following questions. Please support your answers with appropriate reasoning. 1. What would be a sufficient congruence condition for convex pentagons to be congruent? Explain your...
Why is ice skating possible? Be specific and use the appropriate thermodynamic terms in your answer.