subject
Mathematics, 29.01.2021 01:00 slbutler2005

1. The diagram above shows the cost and revenue curves for a monopoly. Identify the following:
Unregulated price and output (P and Q coordinates)
The socially optimal (allocatively efficient) price and output (P and Q coordinates)
The fair return price and output (P and Q coordinates)
Quantity that would maximize revenue (not profit) (Q coordinate)
Suppose that the industry depicted in the graph became perfectly competitive without changing the demand or cost curves. Identify the price and output that would prevail in the perfectly competitive market. (P and Q coordinates)
Using labeling on the graph above, identify the following:
The consumer surplus if the industry was perfectly competitive (three points on the graph)
The consumer surplus for the monopoly (three points on the graph)
The area of dead-weight loss for the monopoly (three points on the graph)
Assume this monopoly started to practice price discrimination without changing its costs. Compared to regular monopoly, what would happen to:
Output (increase or decrease compared to non-price discrimination)
Profit (increase or decrease compared to non-price discrimination)

ansver
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 20:00, arianaaldaz062002
If the simple annual interest rate on a loan is 6, what is the interest rate in percentage per month?
Answers: 1
image
Mathematics, 21.06.2019 21:00, annikafischer
Askateboard ramp is in the shape of a right triangle what is the height of the ramp
Answers: 3
image
Mathematics, 22.06.2019 00:30, sanfordl
1. according to the internal revenue service, the mean tax refund for the year 2007 was $2,708. assume the standard deviation is $650 and that the amounts refunded follow a normal probability distribution. a. what percent of the refunds are more than $3,000? b. what percent of the refunds are more than $3,000 but less than $4,000? c. what percent of the refunds are less than $2,000?
Answers: 2
image
Mathematics, 22.06.2019 01:30, hallkayleel0lozgxtq
Pls what is the decimal equivalent of 5 over 9? select one: a. 0 point 5 bar over top of 5 b. 0 point 6 bar over top of 6 c. 0 point 8 bar over top of 8 d. 0 point 9 bar over top of 9
Answers: 1
You know the right answer?
1. The diagram above shows the cost and revenue curves for a monopoly. Identify the following:

Questions in other subjects: