Quantity, price, total revenue, and total cost for a monopoly firm that produces cement are listed in the table below.   Quantity, (Q) (tons) Price (P) Total Revenue (TR) Total Cost (TC) 11 $1,000$⁢1,000 $1,000$⁢1,000 $710$⁢710 22 $905$⁢905 $1,810$⁢1,810 $785$⁢785 33 $810$⁢810 $2,430$⁢2,430 $875$⁢875 44 $715$⁢715 $2,860$⁢2,860 $1,070$⁢1,070 55 $620$⁢620 $3,100$⁢3,100 $1,310$⁢1,310 66 $525$⁢525 $3,150$⁢3,150 $1,650$⁢1,650 77 $451$⁢451 $3,160$⁢3,160 $2,290$⁢2,290 Determine the firm's profit-maximizing price. Write the exact answer. Do not round.

The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price (dollars) Quantity Demanded $85 79 73 67 61 55 50 150 250 350 450 550 Marginal Revenue (dollars) $85 76 64 1. 250; -$3,625 2. 250; $3,625 3. 350; -$3,625 4. 350; $4625 52 40 28 Marginal Cost (dollars) $25 85 64 61 67 77 Average Total Cost (dol $139.00 103.30 87.50 80.00 77.00 77.00 The monopolist's profit-maximizing level of output is...................its and the monopolist's profit at the profit maximizing output is....

A monopoly A) cannot price discriminate because such a pricing strategy is illegal in the United States. B) faces extensive competition from firms making close substitutes. C) must determine the price it will charge.

Based on the given information, which of the following are places where a monopoly is more likely to spring up? Likely To Have a Monopoly a desert town with a single well, and no ability to drill more a port city where owning a dock requires a government license a city where there is only one drive-thru coffee shop for morning commuters a large town with a single furniture store Not Likely To Have a Monopoly

De Beers Group, is considered monopoly because it controlled a large percentage of diamond production and sales. Which barriers to entry appropriately explains why this monopoly exists? Group of answer choices Control of a Physical Resource Legal Monopoly Natural Monopoly

Pete has developed a new virtual reality headset that is so far advanced he effectively has a monopoly. His marginal cost is a constant $200, and his inverse demand is P = 800 – 4Q. What is the deadweight loss in this monopoly? a.) $0 b.) $45,000 c.) $11,250 d.) $22,500 Give typing answer with explanation and conclusion

Check my work Problem 11-05 (algo) You are the manager of a monopoly. Your analytics department estimates that a typical consumer's inverse demand function for your firm's product is P=150-40Q, and your cost function is q) = 70Q a. Determine the optimal two-part pricing strategy. Per-unit fee: $ Fixed fee: $ b. How much additional profit do you earn using a two-part pricing strategy compared with charging this consumer a per-unit price?

The creation of monopoly results in gains to:OPTIONSProducers at no expense to consumers.Producers at the expense to consumers.Consumers at the expense to producers.Consumers at no expense to producers.

Which of the following is the primary determinant for ensuring long-run economic profit for a monopoly? A. Differentiated product B. Significant barriers to entry C. Ability to be a "price-maker" D. Efficiency of the operations

Which of the following is a characteristic of a monopoly? Responds to changes in the market price. It is one of several suppliers in a market. It faces no significant competition.