A monopoly sells its good in the United​ States, where the elasticity of demand is −2.5​, and in​ Japan, where the elasticity of demand is −5.3. Its marginal cost is ​$7. At what price does the monopoly sell its good in each country if resales are​ impossible? The price in the United States is ​$_____. (Round your answer to the nearest​ penny.) The price in Japan is ​$____. ​ (Round your answer to the nearest​ penny.

Currently the market for domestic air travel in OzLand is a monopoly with Qanwings as the supplier.  A new supplier, Cheap Flights, enters the market.  Suppliers in the market compete by simultaneously choosing the quantity of flights they will supply.  Which of the following is most likely to occur after the entry of the new supplier to the market for domestic air travel? a.The total quantity of flights will increase. b.The total quantity of flights will not change. c.The total quantity of flights will decrease. d. It is not possible to say what will happen to the quantity of flights.

what is the profit from perfect price discrimination?

At an output of 1,000 units, a monopoly firm’s average revenue is $40, its marginal revenue is $30, its marginal cost is $30, its average variable cost is $35, and fixed costs are $5,000. Given this information, we can conclude that the monopolist:     a. is earning zero economic profit. b. is earning an economic profit equal to $5,000. c. is making an economic loss and should shut down. d. should increase output to maximize profit.