What is one disadvantage of Marginal cost pricing for monopolies?

Review the graph at right for a monopoly market (enter all of your responses as whole numbers). Price 100- How much is the consumer surplus? S 90- MC How much is the producer surplus? s 80- 70- How much is the deadweight loss? S 60 80- Monopoly total surplus is $ 50- Monopoly total surplus is V competitive total surplus. 40- 30- 20- 10- MR D 10 30 40 50 60 70 90 100 Quantity

3. How does quantity and price for a monopolist compare to quantity and price for a perfectly competitive firm?

Suppose the figure to the right shows the demand curve for a monopolistically competitive firm. Show the firm's marginal revenue curve. 20- 18- Using the line drawing tool, graph the firm's marginal revenue curve. Label this curve "MR." 16- Carefully follow the instructions above, and only draw the required object. 14- E 12 10- 4- 12 16 20 24 28 32 36 40 Quantity Price (dollars per unit)

1. If Sam and Jack each produce the same quantity of appointments as would be produced in perfect competition, the total quantity of appointments is ___ the price per lesson would be ____ , and the economic profit of Sam and Jack would be____? 2. If Sam and Jack form a cartel and produce the same quantity of appointments as would be produced in a monopoly, the total quantity of appointments would be ____, the price per appointment is ____ and the economic profit of Sam and Jack is ____?  3. Would Sam and Jack have an incentive to break the cartel agreement and lower their price to increase the number of tennis lesson appointments?

1. If the demand for a good increases at the same time as the supply of the same good decreases, what will happen to the equilibrium price and quantity of the good? Explain. 2. What is the deadweight loss of monopoly? Show the deadweight loss when the monopolist can perfectly price discriminate. 3. What is the point of long run equilibrium of a monopolistically competitive firm. How does it compare to a competitive firm.

What is the difference between government granted monopolies and free market monopolies? Which one is more cost efficient and why?

Explain how monopolies employ average cost pricing

microeconomics

Dear sir or madam, hope you are well. I have a question about economics.Using appropriate diagrams, show a monopolistic and a monopolistically competitive firm whentheir respective markets are in long-run equilibrium. Outline the long-run outcomes in eachmarket with particular attention given to economic profits generated by each firm and themaximisation of total surplus associated with the market.