Calculate the loss in total social welfare associated with a monopoly.

Calculate the maximum profit if the market is a monopoly according to this diagram in the image below.

Suppose a monopoly firm has the following Cost and Demand functions:   TC=Q2 P=80-Q MC=2Q MR=80-2Q   Carefully explain what the firm is doing and why.   Find the firm’s Profit maximizing Q   Find the firm’s Profit maximizing P.   Find the firm’s Profit.   Suppose because of an advertising campaign, which costs $500, the monopoly’s demand curve is: P=100-Q so its MR= 100-2Q. MC=2Q   Looking closely at the TC function and the demand curve, explain the effects of the advertising campaign on the equations compared with the equations above in part 1.   Find the firm’s Profit maximizing Q   Find the firm’s Profit maximizing P.   Find the firm’s Profit.   Was the advertising campaign successful? Compare 2 w/ 1. Why?

Explain how a monopoly arises and distinguish between a single-price monopoly and a price-discriminating monopoly.

Which of the following is most likely to be a monopoly?    options:   local utility company   local gym   local grocery store   local coffee shop

Which of the following is least like monopoly?  Sony Corporation A natural gas utility company A cable tv company An electric utility company

The accompanying graph depicts a hypothetical monopoly. Follow instuctions 1−3 below to identify the monopoly's profits. Place point E at the monopoly's profit maximizing price and quantity. Move the average total cost (ATC) curve to a position that depicts the monopoly earning a positive profit. Place the area labeled Profit in the area of the graph that represents the monopoly's profit.

The market demand for a good in a monopoly is P = 400-2Q. The good can be produced at a constant cost of $40. What is the amount of producer surplus?

explain why a monopoly would want to price discriminate   explain the (potential) effects of price discrimination on market efficiency.

Refer to the table below. What is the total cost if the monopoly operates at the profit - maximizing output? Price($) Quantity TR ($) TC ($) 5 2 10 8 4 4 16 10 3 6 18 12 2 8 16 18 1 10 10 25