A monopolist is chooses their price (and the associated quantity implied by their demand curve) such that the price elasticity demand could be either -0.5 or -1.2. Which of the following statements are true: O -0.5 could be profit maximising, but -1.2 could not be profit maximising O Neither price-elasticities of demand could be profit maximising O Both price elasticies of demand could be profit maximising O 1.2 could be profit maximising, but -0.5 could not be profit maximising

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Question 11 A firm's market demand for a monopolist is given by P= 120-2Q. His marginal cost of production is 2Q. What level of output would maximize profits? O 0 120 20 30

The monopolist has constant marginal and average cost AC-MC=70 and faces the market demand P120-Q. Suppose the monopolist can perfectly price discriminate by setting a two-part tariff: that is, the monopolist charges the consumer a fixed fee Fand a per unit price p. What are the optimal values of Fand p that the monopolist sets? O F-$2500, p-$70 O F-$3500, p-$70 O F-$2375, p-$95 O F-$1250, p-$70 O F-$2975, p-$85

When a monopolist spends money to make it harder for competitors to enter the industry, this is referred to as O deadweight loss. innovation protection. O x-inefficiency. rent seeking.

Suppose that the monopolist sells its goods for two segments of the population and the demand functions are given by Q, = 120P * and Q, = 320P,.f the monopolist can produce at AC-MC=6 and can discriminate the prices what are the optimal prices, respectively? %3D %3D O $7, $8 O $7, $4 O $4, $7 $8, $7

Suppose that a monopolist faces linear demand given by Q(p)=1000-10p The monopolist also pays a marginal cost of $5 for each unit produced. What is the optimal price that the monopolist will charge to maximize its profits? O47.5 50 500 52.5

Assume the figure below represents the market for Turkeys. What is the dead-weight loss if this market is operating as a monopoly? Price 50 40 30 20 10 O $1500 O $4000 100 $1000 MR MC ATC Demand 200 300 400 500 There will not be a dead-weight loss since they will be operating at the market equilibrium Quantity

This kind of firm operates in a small market with possibly 4 or 5 other firms, and sells a product that is the exact same product that other firms are selling. Monopolist O Oligopolist Perfect competitive firm Monopolistic competitive firm P 3 a 4 OO % 5 m 6 & 7 A 8 W P 9 s O 7

Use the following to answer questions 1-3: A monopolist faces demand P = 150- 3Q and has cost C(Q)=500. If this monopolist engages in first-degree price Total output will equal, QMI ? Select one: O a. 0< QMI <25 O b. 25< QM1 <50 Oc 50< QMI <75 O d. 75< QM1 <100 O e. None of the abov