d. A monopolist faces a perfectly elastic demand curve. A monopolist must lower price if it produces additional units. е. f. A monopolist is always able to price discriminate.

A farmer’s fields are right next to the train tracks, where sparks from the trains set the field on fire. The railroad profit from running zero, one, two or three trains is shown below. The columns indicate the number of trains running. Total railroad profits are the total profits to the railroad from running the specified number of trains. Total lost farmer profits are total profits the farmer loses from a specified number of trains running.                                                                                                           Trains                                                              0                 1                  2                  3 Total Railroad Profit.                      $200           $300           $350           $410Total Lost Profit for Farmer             $0             $100            $125            $300 1) If a court grants the railroad the property right throw sparks, and transaction costs are $1400 (split evenly by the…

A market has 28 firms, 26 of which have 3% market share. The remaining two have 21% and 1% market share. Calculate the HHI.

A T-shirt shop discovers that the WTP of its customers varies by time of day that they arrive at the shop. It conducts further research and gathers the data in the table. Then it decides to sell the T-shirts for $6 and $5 at different times of the day. What are the highest Sales $ that it can make this way? $ type your answer... Time of Day Evening WTP $5 Demand (Units) 100 Afternoon Morning $6 500 $7 50 Nav