ASSIGNMENT 6 MONOPOLY ASSIGNMENT 6 Pure Monopoly PART A 1 Pure
The Nondiscriminating Monopolist's Demand Curve. A) revenue of the fiftieth unit is less than $50. Web the discriminating monopolist faces a broken curve that we call , which is a result of horizontal summation of the marginal revenue functions of both markets.
May be either more or less elastic than that faced by a single purely competitive firm. Because the monopolist's demand curve is downsloping: The same as the demand curve facing a perfectly competitive firm b. We can surmise that the marginal: The marginal cost curve is thus not the supply curve. Web product price and marginal revenue. B) monopolists seek to maximize profits. Is less elastic than a purely competitive firm's demand. Multiple choice lies above its marginal revenue curve. Web the discriminating monopolist faces a broken curve that we call , which is a result of horizontal summation of the marginal revenue functions of both markets.
C) monopolists can charge any price they want and make a profit. Web the nondiscriminating pure monopolist's demand curve multiple choice is the industry demand curve. Because the monopolist's demand curve is downsloping: Web a) the entry of new firms is not a major concern. The same as the demand curve facing a perfectly competitive firm b. A will never produce in the output range where marginal revenue is positive. Average revenue and average total cost. Web product price and marginal revenue. Web a nondiscriminating monopolist: Identical with the industry demand curve. Web the demand curve faced by a pure monopolist:
