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- Discuss the nature of regulation and corrective tax that was imposed to rectify the act of polluting environment by the firms?Figure 15-8 B G ATC MC MR D J K QUANTITY Refer to Figure 15-8. What is the socially efficient price and quantity for this natural monopolist? F and K D and J A and J H and L PRICET/F There are alot of firms (seller) in a monopoly market. Justify in detail.
- E3 A monopolist faces market demand Q = 500 - 10 P, and has a marginal cost curve equal to MC = Q/10 - 10. I have computed the marginal revenue curve fro you which is given by MR = 50 - Q/5. If the firm is a single price monopolist, find the profit maximizing price and quantity and the resulting profit to the monopoly.What is the socially optimal price and quantity? What is the firm's profit at this price and quantity?Show (1) and (2) on a graph.Calculate consumer surplus (CS) and producer surplus (PS) and total surplus for parts (1) and (2). Show CS, PS, and DWL on the graph. Calculate the DWL due to monopoly.If the firm engages in first degree price discrimination, find the profit maximizing quantity and the resulting profit to the monopoly.Between (1) and (5), which pricing scheme is preferred by the monopolist and which by the consumers? why?The table below shows the demand for pollution permits to emit hydrocarbons in a particular industrial park. Each permit allows the owner to release one tonne of pollutants into the atmosphere. Price perPollution Permit Quantity of Permits $4,500 75 4,000 150 3,500 225 3,000 300 2,500 375 2,000 450 1,500 525 a. If no fee for a pollution permit were charged, how many tonnes of pollutants would be discharged into the atmosphere, assuming a straight-line demand curve? Quantity: tonnesb. Suppose government were to set a fee of $3,500 per pollution permit. How many tonnes of pollutants would now be dumped? What is the total revenue received by government? Quantity: tonnes Total revenue: $ c. Suppose that a new technology allows for a significant reduction in hydrocarbons at a relatively low cost so that the demand for pollution permits in the industrial park drops by 150 tonnes. Assuming that government holds the permit fee at $3,500, how many tonnes of…Price 30 MC 23 20 15 ATC D 9 12 15 \MR Quantity d) If a price ceiling of $17.50 is imposed by the government on the monopolist, estimate the quantity that the monopolist will produce based on the graph. What happens to the deadweight loss and why? (Note: no need to compute for the DWL.)
- uppose a local cable company provides cable service to a rural community. The gure to the right illustrates the cable company's marginal cost of providing cable ervice along with the community's demand for cable TV. 120- 110- ssume the local cable company is a monopoly. 100- 90- hen the company maximizes profits, consumer surplus equals $ (enter a umeric response using a real number rounded to one decimal place), and roducer surplus equals $ 80- 70- 60 M ompared to the perfectly competitive market outcome, the cable company 50 reates dead weight loss equal to $ 40- 30- 20- MR 10- 10 20 30 40 50 60 70 80 90 Quantity of cable subscriptions Price and cost (dollars per cable subscription)Assume integer quantities. The firm is a monopoly. The table below shows the demand schedule it faces, as well as its marginal cost of production. The production of the good creates a marginal external benefit equal to $19. 1 3 5 MWTP $35 $29 $24 $18 $11 $6 $1 MC $2.50 $3.50 $6.50 $8.50 $13.50 If the monopoly engages in perfect first-degree price discrimination, what is the marginal $10.50 $12.50 revenue of unit number 2? Round to two decimal places and do not enter the currency symbol. If your answer is $1.125, enter 1.13.Classify the following as a government-enforced barrier to entry, a banker to entry that is not government enforced, or a situation that does not involve a barrier to entry. A City passes a law on how many licenses it will issue for taxicabs A city passes a law that all taxicab drivers must pass a driving safety test and have insurance A well-known trademark Owning a spring that offers very pure water An industry where economies of scale are very large compared to the size of demand in the market
- Price $18 $14 $12 $40 50 $55 70 Se social Dinternal Quantity How much is the deadweight loss caused by this externality? SinternalWhich of these is a negative production externality? An airline manufacturer must hold up production of a plane at great cost due to delays in its global supply chain. A cereal manufacturer suffers losses due to a drought and unexpected increases in market prices of grains that it uses in its cereals. O Consumers complain to the wrong regulators about price gouging in gasoline markets. A producer of lead for batteries that are used nationwide emits noxious gases in its factory town and local people are getting sick. Thch SaveWhat is your insights about higher tax imposition to networks that use social media to broadcast?
