A monopolist can produce at constant average and marginal costs of AC = MC = 5.  The firm faces a market demand curve given by Q = 53 - P. The monopolist’s marginal revenue curve is given by MR = 53 – 2Q   a. Calculate the profit-maximizing price-quantity combination for the monopolist. Also calculate the monopolist’s profits and consumer surplus.   b. What output level would be produced by this industry under perfect competition             (where price = marginal cost) ?   c. Calculate the consumer surplus obtained by consumers in part b. Show that this exceeds the sum of the monopolist’s profits and consumer surplus received in part a. What is the value of the “deadweight loss” from monopolization?

53) A monopolist faces a straight-line demand curve and is currently producing an output level of 2000 units receiving $10 000 in total revenue. At an output of 1000 units the marginal revenue for this firm would be A) 0. B) $2.50. C) $5.00. D) $10.00. E) Impossible to tell with the given information.

Suppose that the perfectly competitive soybean industry in the United States is monopolized. Under perfect competition, the equilibrium price was $2 and quantity was 100,000. The monopolist raises price to $5 and restricts quantity to 70,000. Assume that the monopolist is maximizing profits and that the monopolist faces a linear, upward- sloping marginal cost curve that begins at the origin. Also assume that this marginal cost curve is the industry supply curve under perfect competition. What is the loss in consumer surplus that the monopolist captures in the form of profit? $500,000 $350,000 $300,000 $210,000< a) b)

Please answer question d, e and f

QUESTION 3 A monopolist has a cost function of c(x) = x so that its marginal cost is constant at $1 per unit. It faces the following demand curve: D(p) = {100/p 100/p if p > 20 if p ≤ 20 A. What is the profit-maximizing choice of output/price for the monopolist? Graphically represent the monopoly market. B. If the government sets a price ceiling on the monopolist in order to force it to act as a competitor, what price should the government set? C. What output would the monopolist produce if forced to behave as a competitor? D. Based on the information in parts A - C, find the consumer-, producer-, and social surpluses before and after the government intervention.

a) Find and highlight the consumer surplus in the monopoly in the diagram.b) Draw a possible marginal cost curve for the monopolist into the diagram that is consistentwith all the other curves that are already given. c) Based on the marginal cost curve that you constructed in part (b), find and highlight themonopolist’s total costs at the monopoly price in the diagram. d) Briefly (200 words max) explain the shape of the marginal revenue curve as compared tothe demand curve in the diagram.

QUESTION 3: Consider the demand and cost curves for a local utilities firm. All underlying work must be shown. MC $11.50 AC $9.00 $8.00 $5. 50 MR 300 1000 1400 1600 Quantity A) Refer to the graph above. If this monopolist were allowed to choose the profit-maximizing level of output, it would produce and charge price of A) 1000 units of output; $11.50 B) 1400 units of output; $9.00 C) 300 units of output; $11.50 D) 1600 units of output; $8.00 B) Refer to the graph above. At the profit maximizing output level, this monopolist would eam: A) Positive economic profit of $3,000. B) Zero economic profit (is breaking even). B) Negative economic profit of $6,000 D) Positive economic profit of $6,000 C) Refer to the graph above. At the profit maximizing output level and price this monopolist would reduce economic surplus and market efficiency by: A) $1,200 B) $2,400 C) $2,200 D) $3,000

A monopolist book publisher with a constant marginal cost of 2 and no fixed costs sells novels in only two countries. Assume the inverse demand curve in country 1 is given by P1=10-2/3q and the inverse demand curve in country 2 is given by P2=18-qIf book imports are permitted in both countries so that price discrimination is impossible, what is the equilibrium price and quantity sold in the two countries combined? (Incomplete)

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

3. Suppose a software monopolist faces two markets for its software, students and professionals. The demand curve of professionals is given by Qp = 200-2Pp and the demand curve by students is given by Qs = 150 - 3Ps. The firm's cost function is C(Q) = 400+5Q. (a) If the firm can price discriminate, what price should it charge in each market to maximize profits? How much profit does it earn? (b) If the firm cannot price discriminate, what price should it charge? Verify that it sells to both markets at this price. How much profit does it earn? Hint: If the firm cannot price discriminate, this means it must treat the two markets as a single combined market.