ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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a) Using the following graph state the price and quantity the firm will be at if the monopoly market is in long run equilibrium. Explain why the firm will be at that price and quantity.

b) State the conditions that establish the market structure monopoly, and the conditions needed for price discrimination and why firms price discriminate.

(image attached)

Price
MC
ATC
P5
P4
P3
P2
P,
MRİ
2 4 14
Quantity
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Transcribed Image Text:Price MC ATC P5 P4 P3 P2 P, MRİ 2 4 14 Quantity
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