The perceived demand curve for the is Select the correct answer below: O perfectly competitive firm; also the market demand curve O perfectly competitive firm; downward sloping monopolist; upward sloping monopolist; also the market demand curve

The graph below shows the demands and marginal revenue in two markets, 1 and 2, for a price discriminating firm along with total marginal revenue, MRT, and marginal cost: Price and cost (dollars) 100 80 60 AS 40 20 0 200 100 300 MR1 400 MR2 MC 500 Quantity How should the firm allocate sales between the two markets? 600 D₁ 700 MRT 800 900 D₂ 1000 Q

a) True or False and Explain: A profit maximizing monopolist has no limit to how high they set the price. b) True of False and explain: When there are economies of scale in production it is possible for a competitive market to sustain the competitive equilibrium. c) When there are economies of scale in production, why is it beneficial to have only one producer?

The graph shown represents the cost and revenue curves faced by a monopoly. 22 P3 P2 P1 PO MC ATC Q1 Q2 MR Which of the following statements is true? 1. The outcome in a monopoly market would be Q1, P1. II. The outcome in a perfectly competitive market would be Q2, P2. III. The efficient outcome is Q2, P2. Multiple Choice I and II only ○ I only II and Ill only I, II, and III b

Consider a monopoly firm in the short run for which marginal revenue equals rising marginal cost at 150 units of output. At this output, the firm's total cost is $2000, total fixed cost is $800, marginal revenue is $3, and elasticity of demand is 2. Which of the following statements is correct about this firm? The firm should expand production beyond 150 units. O The firm is making a loss greater than total fixed cost and should shut down. The firm is making a profit and should continue to produce 150 units. The firm is making a loss smaller than total fixed cost and should continue to produce 150 units.

QUESTION 2 Quantity 1 2 3 5 456 7 8 9 Price с с с с с с сл сл сл 5 5 5 5 5 5 5 5 The price and quantity relationship in the table is most likely that faced by a firm in a O monopoly. O concentrated market. O competitive market. O strategic market.

Please indicated each statement as correct or incorrect..

A Wt WZ- W3+ W4 W5+- 1 1 + - 25 Q5 Q4 Q3 QZ MRP - MFC (MC₂) Q1 •SL VMP LABOR