'Because a monopoly is the only source of supply, the firm is not constrained by the market demand curve. There is no limit to the price the monopoly can charge. On t other hand, a perfectly competitive firm is constrained by the market demand" Evaluate the statement.

How can I describe the equilibrium situation of the firm operating in the perfectly competitive market and the firm operating in the monopoly market by drawing graphics, and at the same time, how can I explain the cost, revenue and demand structures with graphics? b210801021@subu.edu.tr You can send a reply to this address. If it can be in Turkish, I would be happy, but if it is not, it is not a problem.

Suppose a perfectly competitive industry can produce a product with total cost TC = 30 and the market demand for the product is given by Q = 120- Suppose that the same market can be served by a monopolist operates with the same cost and demand functions. How does the consumer surplus change due to monopoly relative to perfect competition? O It falls by 3600 It does not change OIt falls by 6000 It falls by 4800

Complete the sentence. With competitive rent seeking, a single-price monopoly's O A. output exceeds that of a competitive industry O B. deadweight loss increases C. producer surplus increases D. economic profit increases

Question 11 Which of the following is a barrier to entry in the monopoly market structure? control over a key resource low prices high prices high quality products O O O O

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