The monopoly theory of profits argues that restricted entry into an industry tends to keep profits low. a. True b. False

What will a long-run equilibrium for a monopoly most likely result in?   . a economic losses or profits and production either more or less than the amount at which costs are a minimum. b either zero or positive economic profits and production less than the amount at which costs are a minimum. c zero economic profits and production less than the amount at which costs are a minimum d economic profits and production less than the amount at which costs are a minimum.

1. For a price searching firm it's marginal revenue curve  (a). Is below it's marginal cost curve (b). Must be vertical (c). Must be horizontal (d). Is below it's a demand curve  2. The most common source of illegal Monopoly today is (a). Predatory pricing  (b). Intellectual property rights (c). Royal edict (d). Natural monopoly  3. The market demand is given by p= 420-0.05Q, vrp is the price of the good and Q is the quantity demanded at that price. The monopolist marginal revenue function in this market is  (a). MR= 210-0.05Q (b). MR= 420-0.05Q (c). MR= 420- 0.025Q (d). MR= 420-0.1Q 4. In the monopolized ( profit maximizing) market equilibrium p> MC( the price exceeds the marginal cost) this implies that  (a). The consumer surplus is equal to the producer surplus  (b). The total value of the good is maximized (c). The equilibrium is Marshall inefficient (d). The market price is equal to the market quantity  5. The market demand is given Q= 440-40P, where P is the price of the good…

What is true about the monopoly's marginal revenue? Assume no price discrimination please (just one price can be used ) a.Marginal revenue is lower than the price (except for the first unit), because selling more requires the monopoly to discount the former units as well b. Marginal revenue is equal to price c.Marginal revenue is higher than price d.None of the other answers is correct Which one?

Which of the ,following can create monopoly? I. high prices II. public franchise III. patent IV. government license OPTIONS: a) I, II and III b) I and III c) I and II d) I, III and IV

Q9

Compared to a competitive firm, a monopoly will ... (select all correct answers) A. produce an output where marginal revenue is lower than marginal cost B. charge a higher price □ C. produce greater quantities OD. be less efficient

The figure shows what type of market?   >>Please add an explanation of how natural monopoly differs in graph vs. normal monopoly.

Suppose that Pretzel stands in NY are a competitive industry and De Beers Diamonds is a monopoly. Which of the following is correct? Group of answer choices 1. For Pretzel stands, price equals marginal cost; for De Beers, price exceeds marginal cost. 2. For Pretzel stands, price exceeds marginal cost; for De Beers, price equals marginal cost. 3. For Pretzel stands, price equals marginal cost; for De Beers, price equals marginal cost. 4. For Pretzel stands, price exceeds marginal cost; for De Beers, price exceeds marginal cost.

I know that profit maximization for both a competitive and monopolistic market is MC=MR, however MR=P is applicable only in a competitive market and this is a monopoly. How do I solve this?