The demand curve for a monopolist is inelastic. Why?

Q: Suppose that the picture below shows market demand and costs for a monopolist. price 9 8 7.00 6.50…

A: In a monopoly market structure,  There exists a single seller. There exists high barriers to entry…

Q: Show how to derive a monopolist's supply curve

A: A market situation where there is only one seller of a commodity having no close substitutes is…

Q: Explain whether regulating a monopolist by forcing it to charge a price equal to its marginal cost…

A: The monopolist generally produced to get maximum profits which he can get at the situation where…

Q: Why is marginal revenue lower than price for a monopoly?

A: A monopoly is a form of imperfect competition that has a single seller and a large number of buyers.…

Q: Is a monopolist allocatively efficient? Why or why not?

A: A monopoly is a form of imperfect competition that has a single seller and a large number of buyers.

Q: A multiproduct monopolist that sells two goods sells one of them at a price below its marginal cost.…

A: A monopoly is a market where a single seller sells the product and the product does not have any…

Q: nt for a monopoly?

A: Explanation: The equality of worth and price means the commodity's worth is adequate for the…

Q: Draw a graph indicating the profit maximizing level of price and output for a monopolist. In a…

A: The responsiveness of the quantity demanded of a good or service to a change in its price is known…

Q: in a monopoly, why is the Marginal Revenue curve is lower on the graph than the demand curve

A: In a monopoly there is a downward sloping demand curve, and it is an indicator as price falls…

Q: What is true about where a monopolist sets the price on the consumer’s demand curve? The monopolist…

A: Monopoly is one of the market form where there is only one seller selling unique product and is a…

Q: Is this possible that the Monopolists necessarily make the profit?

A: Answer: As we know that the general concept or impression is that the monopolist has complete…

Q: monopolist (with increasing marginal cost as production increase) is producing at a point at which…

A: A monopoly is a market structure characterized by a single seller dominating the market. The market…

Q: Graph the following: The area of economic profit for a monopolist

A: A monopoly is a market structure where there is only one seller and many buyers. The seller has…

Q: Is a monopolist a price taker? Why or why not?

A: Perfect competition is the market structure with a large number of buyers and sellers who sell a…

Q: Is this possible that the Monopolists necessarily make the profit?

A: A monopoly market is the place where a seller experiences dominant power due to no close substitutes…

Q: Would a monopolist increase society’s economic welfare? explain with diagram if necessary

A: Monopoly refers to the market where only single seller exists in the market. Single seller has…

Q: do unregulated monopolists always make postitive economic profits? use a graph to show that a…

A: Unregulated monopolist:- A monopoly is a company which is the single supplier of its commodity and…

Q: Describe how a monopolist will select the profit-maximizing level of output and price.  Use a graph…

A: Profit maximization is the point where the firm experience the highest revenues.

Q: The monopolist faces the demand curve P = 180-2Q/3. The monopolists marginal cost of production is…

A: Monopolist is the single seller in the monopoly market structure where they want to maximise the…

Q: Is Monopoly Efficient?

A: A monopoly refers to the special market type with only one seller and many consumers. It is the…

Q: In the figure below, what will be the monopolist's profit-maximizing price? J H H G O H G J MR T V X…

A: A monopoly is an imperfect competitive market structure characterized by a single seller. The market…

Q: What can a monopolist or a firm with market power do, in order to increase the profits?

A: Monopoly firm is characterized by the presence of single firm in the market. The single firm is…

Q: Graphically shows how monopolist can earn profit in short-run

A: Monopoly refers to the market structure in which there is a single seller than caters to the whole…

Q: The demand equation of a monopolist is P=156-Q2and marginal cost equation is MC=14+5Q then find the…

A: A market can be categorized into four different market structures. The following show the market…

Q: The demand equation of a monopolist is P = 173 - Q2 and marginal cost equation is MC = 6 + 7Q then…

A: The profit of the monopolist is maximized at a point where marginal revenue is equal to marginal…

Q: Why is the price charged by monopolist competitive firms above their marginal revenues? What is…

A: Meaning of Monopolistic Competition: The term monopolistic competition refers to the situation…

Q: Demand curve that faces a monopolist

A: The inverse demand function that the monopolist faces is :- P = 30 - 3 Q  for the demand function Q…

Q: Demand    P=70-Q MR            MR=70-2Q MC            MC=10+Q What is this monopolist profit…

A: A monopoly market is characterized by the ability of profit maximization, price maker, barriers to…

Q: Solve the attachment

A: Quantity  Price ($) Total Cost  Marginal Cost  Total Revenue  Marginal Revenue  10 10 20   100…

Q: Refer to the above data. The monopolist will realize a

A: The monopolist will produce that amount of output which will maximize its profit. Where profit is…

Q: A monopolist can sell its product at any price it wishes.   Is this true or false

A: Answer: False, Explanation: A monopolist will sell at the price which is corresponding to the…

Q: The supply curve for a monopolist is always positively sloped.

A: The provided statement is analyzed (correct or incorrect) in the context of a monopoly market.One…

Q: monopolist always produces a quantity at which the demand curve is elastic. Explain with a diagram…

A: A monopoly is the sole producer of a good in the market thus having maximum market power hence will…

Q: Is a monopoly always undesirable? With a diagram.

A: A monopoly is a market condition that is characterized by the presence of a single seller in the…

Q: Do all monopolists earn profits? Why or why not?

A: Monopoly is the form of market organization in which a single firm sells a commodity for which there…

Q: the demand curve for a monopolist is 2p=100-q find total revenue average avenue and marginal…

A: Given the demand curve for a monopolist, 2p=100-q First we find the Total revenue (TR), TR=p×q

Q: Is a monopoly always undesirable? Support your answer with a diagram

A: A market is a place where the goods and services are bought and sold between the two economic…