A monopolist faces a demand curve P = 210 - 3Q and faces a constant marginal cost MC = 15.                           a) Calculate the profit-maximizing monopoly quantity and compute the monopolist's total revenue at the optimal price.                                                                                          b) Suppose that this monopoly opens for competition and the market becomes perfectly competitive. The firms face constant marginal cost MC = 15. Find the long-run perfectly competitive industry price and quantity.

Q: A monopolist's cost structure is such that its total costs are TC = 300 + 200 Q + 3Q². The market…

A: profit maximizing point is where MR = MC , so here by using given information we calculate the…

Q: The inverse demand function in the industry is p(y)=10-2y. The marginal costs are constant and equal…

A: The perfectly competitive market refers to the market where large number of buyers and sellers exist…

Q: Parts d and e refer to a single-price profit-maximising monopolist whose demand curve and total cost…

A:

Q: A firm faces an inverse demand function P = 18 – Q. Marginal cost is constant and equals 10. Average…

A: Monopolist: A monopolist is a single seller in the market and hence he faces the downward sloping…

Q: Imagine an industry in which the demand curve is P = 1000 – 5Q, and there is only one firm, a…

A: For perfectly price discriminating monopoly, profit maximizing condition is Price equal to Marginal…

Q: A market has a linear demand curve y(p) = 40 – a) A monopolist is operating with a constant marginal…

A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be…

Q: A monopolist faces two demand curves in two separate markets. The Market Demand in the first market…

A: Monopoly is the Market where single seller sells the product at higher price. whereas competitive…

Q: Virat Cement is a monopolist in the cement industry. Its cost is C = 100 - 5Q + Q ^ 2 and demand is…

A: A monopolist maximizes profit where: Marginal Revenue = Marginal Cost  Marginal Revenue = dTR/dQ…

Q: QUESTION 2 Consider the following market with a single firm. Demand: P = 180 - 2 Q Marginal Cost: 57…

A: Answer - "thank you for submtiing the question. But,we are authorized to solve only 3 sub parts .…

Q: A monopolist faces a market demand curve given by Q = 70 − P. a. What is the monopolist’s marginal…

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

Q: Imagine an industry in which the demand curve is P = 1000 – 5Q, and there is only one firm, a…

A: Price discrimination refers to the practice of charging different price for the same good by the…

Q: A monopolist can produce at a fixed cost of £55 and a constant marginal cost of £5. It is confronted…

A: Given information Q=24-P/4 Fixed cost=55 Marginal cost=5

Q: Given that the industry demand curve is X(p) = 3000-15p and a firm's marginal cost is 50 (MC = 50),…

A:

Q: What is the optimum nx? a.6 b.14 c.20 d.18 e.12

A: Second-degree price discrimination is the practice of a monopolist corporation setting different…

Q: Suppose that a price-searcher monopolist had a total cost function given by: TC= 20 + 2Q +0.25Q2.…

A: Given,total cost function: demand for the price searcher's product:

Q: Text Problem 24-6 Question Help * Currently, a monopolist's profit-maximizing output is 400 units…

A: The​ firm's profit is equal to total revenue  minus total cost.Total revenue is the price multiplied…

Q: A monopolist has no fixed costs and a constant marginal cost equal to $4 per unit. It faces the…

A: Monopoly refers to the market structure which has a single seller, selling the good that has no…

Q: total cost of a monopolist is TC(Q)=4Q2+2Q+3. Her inverse demand function is P=130-2Q. You are told…

A: A monopolist is a sole producer of a good thus acts as a price maker.

Q: You are the manager of a Monopoly firm, and your demand function is determined by P = 30 - 20 and TC…

A: here we calculate the price and quantity and maximize profit by using the given information so…

Q: A firm's short run total cost function is TC=0.75q² +8q + 300 The firm is monopolist and the inverse…

A: Given, Total Cost: TC=0.75q2+8q+300 Inverse Demand Function: p=201-2q

Q: Perfectly competitive firms and monopolists both have positive economic profits in the long run…

A: THESE OPTIONS ARE WRONG BECAUSE  OPTION 2 A monopolistic competitive association's demand bend is…

Q: A monopolist has a demand curve given by Q=100-P and a total cost curve given by TC= Q2 + 16. a)…

A: A monopolistically competitive market structure is the market structure in which there are many…

Q: A monopolist firm faces a demand with constant elasticity of -1.3. It has a constant marginal cost…

A: When a single seller produces something that has no near equivalent, there is no competition in the…

Q: a monopolisy with zero fixed cost and constant marginal cost of $6 produces unite that is sold for a…

A: Given, Fixed cost = 0 Marginal cost = $6 Monopoly price = $25 Quantity sold in perfect competition =…

Q: Profit-maximization: Non-competitive Market  A monopolist in the makeup industry produces two makeup…

A: The objective of this question is to find the profit-maximizing quantity and price for each product…

Q: A monopolist produces two goods as follows: p= 11-0.5x, q = 51- 0.5y where p and q are prices per…

A:

Q: For a firm in a perfectly competitive market, its marginal revenue a) is constant with respect to…

A: Answer: (1). Correct option: a (is constant with respect to the quantity produced) The marginal…

Q: 7. Market demand curve is Q(P)=10-P. There is a monopoly firm in the market with cost structure…

A: The monopoly market refers to market where single firm exists in the market. Firm has monopoly power…

Q: profit maximizing price (P) for this monopoly

A: Profit maximization condition for monopoly: MR = MC where,  MR is Marginal Revenue MC is Marginal…

Q: A monopolist sells in two markets. The inverse demand curve in market 1 is p1 = 200 - q1. The…

A: p1 =200-q1TR1=(200-q1)q1     =200q1-q12MR1=200-2q1C1=(q1)2 MC1=2q1Now,MR1=MC1200-2q1=2q14q1=200q1=50…

Q: Consider a monopolist facing a direct demand function qd= 23-1/2 p. The firm's marginal cost is…

A: Given demand and cost of Monopolist: Direct demand function = qd = 23 - 1/2p  Marginal cost (MC) =…

Q: a monopolist finds the demand curve to be linear, containing data points (q,p) of (100,125) and…

A: We know that the Demand Q is linear and passes through data points (100,125) and (20,165).Demand…

Q: A monopolist can produce at constant average and marginal costs of AC = MC = 5.  The firm faces a…

A: Q= 53-PWhen Q=0, Pm= 53MR= 53-2QAC=MC= 5

Q: A monopolist faces two demand curves in two separate markets. The Market Demand in the first market…

A: monopoly is the market structure where single seller sells the product which has no close substitute…

Q: A monopolist firm faces a demand with constant elasticity of -2.0.  It has a constant marginal cost…

A: Given the elasticity = -2 MC = 20 dollars

Q: A monopolist has four distinct groups of customers: group A has an elasticity of demand of 0.2,…

A: A measure of how sensitive the quantity (Q) demanded of a good or service is to changes in its price…

Q: Find the economic profit of a monopolist using the following information: Demand: p = 110-2Q Fixed…

A: Demand Equation is given as P = 110 - 2Q FC = 120 MC = 10

Q: A simple profit-maximizing monopolist with a continuous linear demand curve has positive marginal…

A: Monopoly refers to the situation where there is only one firm exist in the market. There is no…

Q: A natural monopolist has the total cost function C(q) = 600 + 10q, where q is its output. The…

A: Natural Monopoly is the form of market where only a big single firm provide the goods or services or…