Costs and revenue per case 22 MC 16 ATC 14 13 12 Demand MR 11 Quantity (cases) 22 24 30 38 Figure 13-8 shows cost and demand curves for a monopolistically competi Refer to Figure 13-8. What is the firm's profit-maximizing price? O $12 O $13 O $14 O $16

k Onli.... s 15 10) Below are drawn cost curves for a monopolistically competitive firm. What is the profit? 16 14 812 10 Dollars 0 MC MR 20 23 25 30 Number of haircuts ATC 9 D

Gouge-em Cable Company is the only cable television servicecompany licensed to operate in Backwater County. Most of itscosts are access fees and maintenance expenses. These fixed costs total $640,000 monthly. The marginal cost of addinganother subscriber to its system is constant at $2 per month.Gouge-em’s demand curve can be determined from the datain the accompanying table. a. What price will Gouge-em charge for its cable services?What are its profits at this price?b. Now suppose the Backwater County Public UtilityCommission has the data and believes that cablesubscription rates in the county are too expensive and thatGouge-em’s profits are unfairly high. What regulated pricewill it set so that Gouge-em makes only a normal rate ofreturn on its investment?

Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote

9 When entry occurs in a monopolistically competitive industry, which of the following occurs? A The perceived demand curve for each firm shifts to the right. The perceived demand and marginal revenue curves for each firm shift to the right. The perceived demand and marginal revenue curves for each firm shift to the left. DO The marginal revenue curve for each firm shifts to the right.

MN 00 25 Price %24 Question 42 of 60 > For the monopolistically competitive firm in the following figure, the profit-maximizing price is and the quantity is MC ATC 20. 16 Demand MR 40 Quantity O $20: 25 O $16: 25 O $32; 25 O $20; 40 10:55 PM 74 F 12/12/2021 Ins prt sc delete home 12 Oy 114 dn 6d pue 144 91 & backspace wnu lock 5. 7. 4. home 6d T. enter H. pause ↑ shift 2. LE ctrl alt Sut

Refer to the graph shown of a monopolistically competitive firm. If the firm maximizes profit, it will earn MC 585 $80 $75 $70 $65 A $60 $55 $50 MR $45 $40 o 4 8 12 16 Price WATC 24 20 Dresses per year in thousands

47 and 48

$19 16 13 10 0 100 Multiple Choice O MC O O O 160 180 210 Quantity MR Refer to the diagram for a monopolistically competitive firm in short-run equilibrium. If this firm is currently producing and selling 210 units of output, we can conclude that this firm ATC Is maximizing economic profits. D Is earning economic profits that could be increased by raising price and lowering output. Is breaking even, but could earn profits by raising price and lowering output. Is earning economic profits that could be increased by lowering price and raising output.

Figure 16-3 This figure depicts a situation in a monopolistically competitive market. MC ATC Demand 100 O Refer to Figure 16-3. How much profit will the monopolistically competitive firm earn in this situation? O so O $80 O $200 O $400