Does a monopolist take market price as given? Why or why not? No, because barriers to entry exist, a monopolist does not take the market price as given. No, a monopolist takes into account that its output decision can affect price, and its marginal revenue is not its price. Yes, a monopolist takes the market price as given because the monopolist faces potential competition from other firms, so the price charged must be competitive. Yes, a monopolist’s marginal revenue is the given market price.

Q: Give two examples of price discrimination. In each case, explain why the monopolist chooses to…

A: Price-discrimination is a strategy whereby a monopolist sells identical goods/services at different…

Q: Which of the following is not a characteristic of a monopolist?    A. A monopolist can sell as much…

A: Monopolist : A Monopolist exists in an imperfectly competitive market. He is a single seller of a…

Q: Suppose a monopolist's profit-maximizing output is 500 units per week and that the firm sells its…

A: Profit maximizing units,  Q = 500 Price = $80 per unit Total cost = $6000 Marginal revenue = $35

Q: Being the only producer in a monopoly market, can a monopolist charge a very high price to maximize…

A: Thus YES a monopolist can charge a very high price in order to maximize his profit.Under monopoly…

Q: Why is marginal revenue below average revenue for a monopolist? Because monopolists charge prices…

A: Average revenue is revenue earned per unit of output. On the other hand Marginal revenue is the…

Q: A monopolist sells a single good in two periods. There are two conumers who want to buy one unit of…

A: A monopolist has an opportunity to charge different prices from the customers because there is no…

Q: What is the profit-maximizing price and level of output for the monopolist? What area in the figure…

A: Monopoly can be defined as the market structure in which there is a single producer of a commodity…

Q: Why is monopolist's marginal revenue less than the price of its good? Can marginal revenue be…

A: Marginal revenue will always be less than the price of its commodity for a monopolist. We know that…

Q: What is meant by the term “market power”?   Can a monopolist charge any price it wants because it is…

A: Monopoly market is defined as a market structure in which there is only a single seller in the…

Q: Monopoly Market MC - Marginal Cost MR - Marginal Revenue D - Demand ATC - Average Total Cost…

A: The markets are the place where the buyers of the goods, and services makes up the demand side, and…

Q: Suppose a monopolist’s profit-maximizing output is 200 units per week and that the firm sells its…

A: Monopoly is a market structure characterized by a single seller selling a unique product in the…

Q: given by c(y) = y2 and faces a demand curve given by P(y) = 120 − y. a. What is his…

A: The correct answer is given in the second step.

Q: What is true about where a monopolist sets the price on the consumer’s demand curve? The monopolist…

A: Monopoly is one of the market form where there is only one seller selling unique product and is a…

Q: monopolist faces a market demand curve given by: Q = 80 - p Assume that the monopolist has a cost…

A: A monopoly is a sole producer of a good in the market thus acting as a price maker whereas in a…

Q: Why Marginal Revenue is less than Price for a monopolist facing a downward sloping market demand…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: A monopolist has determined that at the current level of output the price elasticity of demand is…

A: A monopoly is the sole supplier of the good in the market and therefore a monopoly firm faces the…

Q: If a monopoly firm can sell 12 items per day at a price of $150 each, and to increase sales by one…

A: Total revenue is the product of price of each product and the number of unit sold.

Q: How is it possible for monopolists to earn profits in the long run?    options:   Because the…

A: The monopolist is a solitary seller for a specific commodity and faces an inelastic demand bend. The…

Q: The pure monopolist will maximize his profits when average cost equals marginal revenue. True or…

A: Monopoly refers to a market structure where there is only one firm selling a unique product and…

Q: If the monopolist is incurring a short run economic loss, what are some options the monopolist has?…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: For a monopolist, the profit-maximizing output is given by the condition ____, and the…

A: When talking about the monopolist's firm, it can be said that his production, output, and pricing…

Q: profit-maximizing

A: The profit maximizing condition for a monopolist is MR= MC  Profit maximizing output is 20 units

Q: Consider a monopolist that sells cable subscriptions. When the price is $10 a week, it can sell 175…

A: * SOLUTION :-

Q: Suppose a monopolist could charge a different price to every customer based on how much he or she…

A: monopolist have control price, demand and supply of products. So, they can charge different prices…

Q: Which of the following best explains why the monopolist’s marginal revenue is less than the sales…

A: Monopoly is a market structure where there is only one seller and many buyers. The seller has…

Q: We learned that in a competitive market equilibrium the Marginal Cost equals the Price, as Marginal…

A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are…

Q: Market research shows that a particular monopolist faces a market demand function given by Its cost…

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…

Q: Since the monopolist is a “price maker” and sets the price of his output, he will always charge the…

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: Suppose a monopolist's profit-maximizing output is 400 units per week and that the firm sells its…

A: Profits are calculated as: Profit=TR-TCTR=P×Q Where TR is the total revenue, found out by the amount…

Q: The profit-maximizing quantity of a monopolist facing a downward-sloping demand curve must be…

A: The profit maximizing quantity of a monopolist facing a downward sloping curve produced at a elastic…

Q: Suppose a monopolist sets output and lets the market determine the price. Given the monopolist's…

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…

Q: A monopolist will maximize profits by: Group of answer choices setting his price at the level that…

A: Perfectly competitive firm.  A perfectly competitive firm is a price taker, which means it takes the…

Q: Consider a monopolist facing a downward-sloping demand curve. Is marginal revenue is located…

A: In a market, monopolist has different marginal revenue curve than the perfectly competitive firm as…

Q: A monopolist faces a market demand curve given by: Q= 70−p. a) If the monopolist can produce at…

A: Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: Consider a monopolist operating on a market with a downward sloping demand curve. The monopolist has…

A: Monopoly refers to a market condition in which there is one buyer and several sellers of a…

Q: What is meant by the term “market power”?   Can a monopolist charge any price it wants because it is…

A: "Since you have asked multiple questions ,we will solve first question for you.If you want…

Q: Given the same costs, the monopolist produces less output and charges a higher price compared to the…

A: Answer to the question is as under:

Q: A monopolist faces the demand curve P = 18 – Q, where P is measured in rands per unit and Q in…

A: Demand function: Q=18-P Inverse demand function: P = 18 – Q

Q: a.   At what output rate and price does the monopolist operate?         b.   In equilibrium,…

A: a. Profit is maximized by producing at MR =MC and charges the maximum price consumers are willing to…

Q: In the short run, a monopolist will shut down if it is producing a level of output where marginal…

A: A shutdown point is an operating level where a business doesn't profit in proceeding with the…

Q: In each of the following cases, state whether the monopolists would increase or decrease output. a.…

A: Monopoly refers to the market structure with the features of a single seller and more buyers. Firms…

Q: A firm that sells coffee is a monopolist in a small market. The firm wants to start selling another…

A: A monopolistic firm or a monopolist is a single seller in the market, which gives him exclusive…

Q: If a monopolistʹs marginal revenue is $18 a unit and its marginal cost is $17, then?

A: In the monopoly Market equilibrium conditions is determined by where Marginal revenue is equal to…

Q: Suppose that a profit-maximizing monopolist faces a demand curve of P = 240 – 4Q, a marginal revenue…

A: Profit maximisation is a process business firms undergo to ensure the best output and price levels…

Q: Please refer to the figure above. The monopolist will produce A=37,5 units of output and determine…

A: A monopoly is the sole producer of a good in the market thus having maximum market power hence it…

Q: A potential entrant can produce at the same cost as the monopolist illustrated in the accompanying…

A: A monopolist seller faces a downward-sloping demand curve which states that by decreasing the prices…

Q: For a monopolist with marginal cost of c, where c > 0, facing a market demand of X(p) = a −bp,…

A: A company's relative capacity to affect the price of an item in the marketplace by influencing…