1. What are the various reasons that causes monopoly? Explain and provide an example of each.2. Explain the characteristics of a monopoly. How it is different from a perfect competition?3. Refer to the graph below:105100 -MC9590АТС8580757065 -60555045 +40 +353025201510MRDemand+++++ YTTI5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100105110115120 eIn the above graph calculate the following?a. The profit maximization quantityb. Price that the monopolist will charge at that levelc. Total revenue at that leveld. Total cost at that levele. Profit or loss (if any) at that level

Monopoly is originated from the barrier that prevents new companies from entering in the market are…

1. What are the various reasons that causes monopoly? Explain and provide an example of each. 2. Explain the characteristics of a monopoly. How it is different from a perfect competition? 3. Refer to the graph below: 105 100 MC 95 90 ATC 85 80 75 70 65 60 55 50 45+ 40+ 35+ 30 25 20 15+ 10 5- MR Demand +++++ s 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 8s 90 95 100105110115120 e In the above graph calculate the following? a. The profit maximization quantity b. Price that the monopolist will charge at that level c. Total revenue at that level d. Total cost at that level e. Profit or loss (if any) at that level