(a) State the main features of monopoly and name any one organization which operates under monopoly.    (b) Briefly explain the ‘monopolist’s equilibrium’ in short-run with the help of a schedule.  (c) Determine the equilibrium of firm under monopolistic competition in long run

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A: The monopolistic firm maximizes its profit when the MR = MC. In the given table, the MR is equal to…

Q: When compared to perfect competition, a monopoly market structure is criticized because they produce…

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Q: None

A: part b:

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Q: A monopolist engaging in third-degree price discrimination I. has lower profit than a monopolist…

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A: Price=$2.00  per can

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Q: 16) A significant difference between monopoly and perfect competition is that A. free entry and exit…

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A: Hi! Thank you for the question but as per the guidelines, we only answer one question at a time.…

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Q: Identify 4 similarities between monopoly and monopolistic competition. Draw graph if necessary

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