What is the profit maximization condition the monopoly uses to choose optimal quantity? Again assume a single price monopoly. options:   P=MC   P=FC   MR=MC   MR=FC

Suppose a monopoly's price elasticity of demand equals -2 and the marginal cost of production equals $400.00. The profit-maximizing price is $ (Enter a numeric response using a real number rounded to two decimal places., What will be the firm's markup? When maximizing profit, the monopoly's markup is percent. (Round your response to the nearest percent.) 20 Mact 80 F1 F2 F3 F4 F5 F6 F7 @ 23 $ & 1 3 4 7 8 Q W E R Y

Explain how a monopoly arises and distinguish between a single-price monopoly and a price-discriminating monopoly.

Graphically show a monopoly firm that currently sells 250 units of output at a price of $60/unit, where the marginal revenue of the 250th unit is $40, the marginal cost of the 250th unit is $50, and the average total cost at 250 units is $60. [Hint: Based on the information given, is the quantity you’re asked to show the profit-maximizing quantity? Think about what has to be true for profit-maximization.] Based on the graph and assuming the firm attempts to profit maximize (and succeeds), what would happen to price, quantity, MR, MC, and ATC?  (rise, fall, or stay the same?)

Why might monopoly arise?

What is the difference between a monopoly's marginal revenue curve and a perfect competitor's marginal revenue curve? Please explain the difference in these markets by drawing the graphs.

PLEASE EXPLAIN FIRST

Dan is the only seller of widgets in town. The market for widgets is characterized by the following: Demand: P = 175-Q Marginal Revenue: MR = 175-2Q Marginal Cost: MC = 25+ 3Q What is the deadweight loss associated with this monopoly? 225 115 88.5 112.5

In the figure below, a single-price unregulated monopoly will produce at output     a: k b: j c: h d: 0

solve for last 3