Question

31 of 50 (36 complete) This Question: 1 pt Suppose that the distribution of sales within an industry is as shown in the following table: Share of Total Market Sales 15 14 12 Firm 10 10 13 100% All others Total There are 13 "All others" in the industry in the above table, each of which has a share of sales equal to 1 percent. The value of the Herfindahl-Hirschman Index for this industry isEnter your response as a whole number.) This Question: 1 pt 14 of 50 (36 complete) The following table shows demand and marginal cost for a monopolist. Calculate marginal revenue (MR) at each quantity. (Enter your response as an integer.) Output (units) Price per Unit 30 25 20 15 10 Marginal Revenue (MR) Marginal Cost (MC) 10 15 20 25 A profit-maximizing monopolist will produceunits and set a price of $ This Question: 1 pt 40 of 50 (37 complete) ▼ TC $15 $25 $45 $75 $115 $165 $13 $12 $11 $10 $9 $8 10 14 19 25 30 35 Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist? ○ A. 25 ○ B. 30 ○C.19 O D. 14 This Question: 1 pt 12 of 50 (36 complete) ▼ TC $8 $30 $68 $128 $208 $308 $13 $12 $11 $10 $9 $8 10 15 20 25 30 35 Refer to the above table. Given the demand and cost schedules, what are the maximized economic profits for this monopolist? OA. $122 OB. $150 OC. $220 OD. $152

Answer 1

レ·2 2 1964141216 )。 13 25 2 25 2- 20 ss25 13 o 3 ,5 18 o 30 o 20 220 68 2, 3 9 28o 308