Question

Use the following diagram to answer questions 42 to 44 MC WR Quy 42 Unregulated Monopoly price will be: Ae B. c. C. b. D. a. 43 Socially Optimal Price will be A. e. Bc. C. b. D. a. 44 The given diagram describes that in equilibrium, monopolist A Will earn profits C. Will incur losses B. Will earn normal profits D. Profits or loss can't be determined Use the following diagram to answer question 45 and 46 $ с Output 45 In this diagram, Curve Crepresents: A. Total revenue and marginal revenue C. Marginal revenue only B. TR and AR D. AR, MR, price and demand 46 This diagram depicts the A. Cost curves of the Monopoly market B. Revenue curves of the Perfect Competition market C. Both cost curves and the revenue curves of Oligopoly D. Revenue curves of Monopolistic Competition market

Answer 1

42) option B) c

Unregulated price, MR = MC

So Q= f, P= c

43) option C) b

at eqm, MC cuts demand curve

When Q= g, P= b

44) option A)

Monopoly will earn positive profits

45) option D)

c shows demand curve of individual firm in Perfect Competition, which is also it's AR, MR , price

46) option B