Which statement is NOT correct?    a. Monopolists charge higher prices than do competitive firms.  b. Monopolists always earn a positive economic profit, whereas competitive firms may incur losses. c. Monopolists are price makers; competitive firms are price takers.  d. Monopolists tend to be inefficient because they do not face the same market pressures as competitive firms.

The diagram below shows a monopolist's marginal cost schedule and the demand curve. Find and depict the following items within the diagram and briefly explain how you found them: Price Monopoly Price Demand Marginal Revenue Total Surplus Quantity Maximising Quantity b) Draw a possible marginal cost curve for the monopolist into the diagram that is consistent with all the other curves that are already given. c) Based on the marginal cost curve that you constructed in part (b), find and highlight the monopolist's total costs at the monopoly price in the diagram. d) Briefly explain the shape of the marginal revenue curve as compared to the demand curve in the diagram.

A perfectly competitive firm is expected to make a $0 economic profit in the long-run. What type(s) of profit would you expect a monopolist to earn in the long-run? Why the difference? Use the editor to format your answer

Please describe each step to solve the problem presented below:

Please Answer part f . please draw the complete graph Suppose a monopolist faces demand D = 6 − Q and MR = 6 − 2Q, and has costs T C = 1 + 2Q, and MC = 2. The monopolist is unable to price discriminate. a. Derive the ATC. Is this a natural monopoly and why?.  b. Draw the demand curve, MR, MC, ATC on a graph. Make sure to label the curves and axes clearly  Calculate the value of the optimal Q and P. Label this on the graph of the previous question (part b).  d. Calculate the value of the profit at this point. Also label this on the graph (part b).  e. The government’s antitrust division determines this monopoly has too much market power. It has two options: break the monopoly into two smaller companies, or regulate it using a price ceiling. Which should it do and why?.  f. The government has decided to enact the price ceiling. On the graph, label the price ceiling that maximizes consumer surplus. Indicate this consumer surplus on the graph (part b).

**YOU ONLY HAVE TO ANSWER QUESTION H**

Use the following Table showing the demand schedule for a monopolist facing a constant marginal cost of $4. Assume that the firm pays no fixed costs. How many units of output will the firm produce, and how much economic profit will be earned? Quantity Demanded 1 2 3 4 5 6 7 8 9 Price $12 $11 $10 $9 $8 $7 $6 $5 $4 A) 5 units; $8 B) 5 units; $40 C) 7 units; $36 D) 7 units; -$6 E) 5 units; $20

Suppose that a monopolist calculates that at its present output level, marginal cost is $4.00 and marginal revenue is $4.00. The firm could increase profits by Multiple Choice increasing price and decreasing output. increasing price and maintaining its current output. decreasing price and leaving output unchanged. decreasing output and leaving price unchanged.

Your textbook covered 4 possible ways to deal with a natural monopoly.  Which approach would be best for consumers? Group of answer choices Regulators would force the monopolist to set its price equal to its marginal cost. Let the natural monopoly charge enough to cover its average costs and earn a normal rate of profit. Regulators would allow the monopolist to continue with no government regulation. Regulators would split the monopolist into two competing firms.

so if they acted like a monopolist and charged a single price to all consumers, what price would they charge to maximize profits? How do I figure this out looking at the graph?