A monopolist faces two markets with demand functions given by q1 = 120 − p1 q2 = 120 − 2p2 The monopolist has no fixed costs of production, and the marginal cost of production is $10.   Suppose the monopolist charges the same price per unit of output in both markets. How much output is produced? What is the price of output? What is the monopolist’s profit?

Consider a monopolist operating on a market with a downward sloping demand curve. The monopolist has a constant marginal cost and no fixed cost. At the current level of production and at the current price level, the price elasticity of demand is equal to -0.8. Assume the monopolist wishes to maximise profits.   Would we be able to say anything about whether the monopolist has chosen a price and quantity that maximise profits? Explain your answer by means of diagrams (maximum 150 words)      2. What is the price elasticity of supply in this market?

Consider an incumbent/monopolist with the following demand and marginal cost: P=300–Q; MC=$50. a. What is the profit maximizing price and output for the monopolist? What is the monopolist’s profit? b. Suppose there is a potential entrant, but the entrant has a cost disadvantage. The entrant’s MC = $75. Solve for the residual demand curve for the potential entrant (the entrant assumes that the monopolist will not change their total quantity from part a). c. What is the entrant’s output, price, and profit? What is the monopolist’s profit? d. What is the limit price that the monopolist could charge to deter entry? e. Is the threat/promise of the monopolist to charge the limit price a credible threat, or is the monopolist better off accommodating entry? Explain briefly.

Suppose a monopolist faces a market demand that is the first two columns in the table below. Also, in the short run, assume that Total Fixed Cost equals $100 and the monopolist has Total Variable Cost according to the table. Find Total Revenue for each price and quantity combination, and then Marginal Revenue as price falls and quantity increases. Fill in the rest of the costs in the table and find profit at each price and quantity combination as the difference between Total Revenue and Total Cost. If profit is less than zero that indicates a loss. What is the maximum profit you found in this table? At what quantity and price combination is profit maximized for this monopolist? Next, verify this result by using Marginal Analysis to find the profit maximizing price and quantity combination. For each quantity, ask yourself if Marginal Revenue exceeds Marginal Cost. If it does, then profits would be increased by producing that quantity. As you go down the table to higher quantities, stop…

= 240 + 0.5Q², and face 4. A monopolist has the cost function TC(Q) market demand P = 45 – Q. (a) Find the monopoly equilibrium price and output. Find the monopolist's profit.

Consider a monopolist with a total cost function given as C(Q) = 1.5Q2 + 40Q that faces an inverse market demand function P(Q) = 280 − 0.5Q **Calculate the​ profit-maximizing quantity,​ price, and economic profits for this monopolist, with the government imposing a ​$20 per unit tax.  Quantity: ?    (Round your answer to two decimal​ places). Price: ?          ​(Round your answer to two decimal​ places).   Economic​ profits: ​$ ?   ​(Round your answer to two decimal​ places).

Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand given by Q=378-2P. Its Total Cost function is TC=6,422+20Q and Marginal Cost is MC=20. If the government imposes a price ceiling of $27, what is the monopolist's QUANTITY in the SHORT- run?

This is part 1 of a multi-part question. A monopolist faces the demand curve Q = 144 / P2, where Q is the quantity demanded and P is price. Its average variable cost is AVC = Q1/2 and its fixed cost is 25. 1. Find the monopolist's profit-maximizing quantity. (Round to at least 2 decimal places.)2. Find the monopolist's profit-maximizing price

Consider a monopolist facing a market demand given by: P = 200 - 4Q. Where P is the price and Q is the quantity. The monopolist produces the good according to the cost function c(Q) = Q2 + 5. Determine the profit maximizing quantity and price the monopolist will offer in the market. Calculate the profits for the monopolist. Calculate the deadweight loss due to a monopoly. Illustrate this in a well labelled diagram. I will thumbs up solution if it is original answer and not from ChatGPT, if ChatGPT is used I will thumbs-down and report to Chegg as ChatGPT returns the incorrect answer here and I'm stuck. Thank you! :)

A monopolist is selling a product with a linear demand curve with a vertical intercept of P=10 dollars (a price above which no one will buy the product) and a horizontal intercept of 20 thousand (the amount people would consume of the product were free). The product has zero marginal cost of zero (e.g., downloadable software). The profit-maximizing monopolist will set a price equal to dollars, produce and sell a quantity of thousand units, and will earn revenue of thousand dollars.