what is the efficiency (or deadweight) loss due to monopoly control of the industry?

10. A monopoly has a demand curve given by P = 20-Q and its cost function is TC = Q2+70. Find the monopoly’s quantity and price. What is this firm’s profit? Should this firm remain open or shut down in the SR? Why?

Please do fast ASAP

**YOU ONLY HAVE TO ANSWER QUESTION H**

Is a monopoly always undesirable? Support your answer with a diagram.

If Google is a monopoly, how would breaking up affect the market price and market quantity? How do we test these hypotheses?

Can you think of good examples of a monopoly market environment?

Some say a monopoly can charge whatever price it wants. This is not true, explain why? What restricts a monopoly? (government regulation is not the answer here).

Homework Unanswered A monopoly is producing where marginal cost is $10,000 and marginal revenue is $15,000 in an industry where demand is above the average cost. Place the following actions in order to describe the steps the monopoly would take to maximize its profits. Drag and drop options into correct order and submit. For keyboard navigation... SHOW MORE III = E The firm realizes that as it increase production, total revenue will go up by more than cost increases. III = ||| The quantity produced will be larger than at the beginning and the price will be lower. = The monopoly will produce more units up to the point where marginal cost equals marginal revenue. The monopoly will make positive economic profits at the new price and quantity. As they increase quantity price is determined by the demand curve. There will be a surplus if the price is too high. Unanswered Submit

A monopoly faces the following TR and TC schedules: TR = 300q – 2q² TC = 12q' – 44q + 60q + 30 %3D %3D What output should it sell to maximize profit?