Question

In the long run, a monopolist will operate where OA. ATC - price as long as price > AVC O B. MC - AFC as long as price > AVC O C. MR = AC as long as MR > price OD. MC = AR as long as price > ATC O E. MR = MC as long as price 2 ATC Consider the gure at Which of the following is Single-Price Competitive Camelized Monopoly Industry Industry 23 Our Single Price Competitive Card Price $31 Single Price Competitive Cartelized Monopoly dusty Industry Price Single Price Competitive Carteled 196 233 Out Suppose a utility-Maximizing consumer is usually purchasing two substitutes, good on this consumer's usual consumption bundle? and good B. What would be the likely impact of a decrease in the price of good A O A. An increase in the consumption of good A and a decrease in the consumption of good B O B. An increase in the consumption of good B and a decrease in the consumption of good A OC. An increase in the consumption of both goods OD. A decrease in the consumption of both goods

Answer 1

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11 as price & Arc NA ATC Answer E, MR=mc as long - Monopolist will produce in long- run, when Price (Pi) is equal to ATC (Point A). If ATC goes Up then point A, then Monopolist will no not operate in long-run D MR Q-2 Answer. B. have higher Always single price monopolist will price then competitive Industry. P decrease a-3. Answer-A. - Because two goods in price of A, will A and decrease the are substitutes, then Increase increase the consumption of consumption of B.